The great HR Concerns

HR as a function is fast changing, especially in the new economy companies like IT, and BPO. The HR managers here have a multi-task responsibility and they need to manage it well. Earlier the role of HR Managers was confined to administrative functions like looking after manpower requirements and maintaining rolls for the organization. Now it has come out of the shells of administration and operations and is playing more meaningful role. HR in the emerged business scenario is more strategic. The changed role has lot of issues and challenges that are foremost on the minds of HR professionals.

Some of the problems that the knowledge economy faces today are
Managing people
Motivation to adopt change
Recruitment
Training and development
Building trust
Performance management
Compensation management
Talent management and development.
Retention

In the booming economy, growing industries is already under stress on account of persistent problems like attrition, confidentiality, loyalty, etc. Managing human resource in the knowledge based economy is not a cakewalk for HR managers. Today it is a multi-task responsibility, where managers are performing a variety of responsibilities.