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The Year 2016: A Year of Significant Events in the Corporate Sector

The year 2016 has been quite eventful for us in the corporate sector. Here at home, we witnessed demonetization and Tata Power acquiring Welspun Renewables Energy. We topped the '2016 Outsourcing Index'. We are the world's biggest outsourcing destination in terms of financial attractiveness and business environment, according to a study published by a global management consulting firm.

Globally, we witnessed Microsoft swooping in to purchase LinkedIn, Randstad acquiring Monster.com, and Oracle buying Netsuite. These were the big ones in the mergers and acquisitions arena. Donald Trump being sworn in as the President of the United States is at the forefront. In today's times, we no longer function in a vacuum. In the era of globalization and glocalization, events overseas affect us too. The business environment doesn't have boundaries and is definitely not static. We have to keep our eyes and ears open to trends shaping up in the international market, as disruptive change is hardly a new phenomenon. We have to galvanize with the international emerging trends.

Having said this, let us briefly skim through a few of the HR trends analysts are talking about and try to incorporate them within our organization, workplaces, and departments.

From India, New Delhi
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