challenges of HRM in the changing & competitive scenario:
1 )HR professionals have to think innovatively,understand business &bring in business focus HR solutions. in other words holistic view of the organisation has to aligned with people related business issues.
2)HR professionals should bring a culture where employees should be valued in terms of contribution and not in terms of position.
3)HR professionals must develop business sense.They must apply their minds as to how to how to make money because in future only those who have this vision will only survive.
4)Talent management ie attracting talents, retaining talent and building talent should be a way of life.
5)HR professionals should be harbingers of change.They should have co partnership with the employees and must develop capability to influence top management.
6)HR professionals should carefully plan their manpower strategies& build organisation culture that promotes growth of talent &workforce.
7)Hr professionals should promote employee participation culture which will pave the way to committed, inovative workers
8)Developi effective communication to achieve commitment and teamwork
9)Aligning HR strategies/policies with the organisational goals