Emerging Trends And The New Strategies To Build Appropriate Human Resources For Global Competition

This paper deals with the recent trends in human resource management and the need for human resource professionals to demonstrate an understanding of the business in the way they formulate their HR strategies viz strategy for innovation, strategy of managing changes and cost reduction strategy. In 21st Century the human resource professionals require an understanding of organistional behaviour organization theory, human resource management and organizational development as an integrated and innovative way for them to be able to solve business problems and contribute meaningfully to the global growth. This will require conceptual learning, reflective learning, action learning and observational learning. These learning will enable the up gradation of professional skills and capabilities of the HR professionals and allow them to remain contemporary in the way they look at phenomena.