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HRM relates to formulation of strategies by business entities concerning selection, training and rewarding of their personnel. The subject has assumed added significance in the wake of liberalisation and globalisation trends sweeping across the world. In the face of intense competition unleashed by market-oriented reforms, firms are vying with each other to acquire competitive advantage to prosper in business and in many cases to survive in business. Every possible strategy is being applied to achieve the explicit and implicit objectives of the firm. HRM has emerged as an important ingredient of the policy mix to score points over the existing and potential competitors. This book brings together a collection of papers showcasing the best practices and success stories relating to human resources management in Indian organisations. It provides a rich source of information for practitioners and scholars who wish to further their knowledge of HRM practices from an Indian point of view.
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