Significance of Human Resource Development in Globalised Scenario

Donthireddy Siva Reddy

Title:
Significance of Human Resource Development in Globalised Scenario

Authors:
Donthireddy Siva Reddy
DOI:
https://doi.org/10.31142/ijtsrd3536

Cite This Article :

Donthireddy Siva Reddy "Significance of Human Resource Development in Globalised Scenario" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-1 | Issue-6, October 2017, pp.488-490, URL: https://www.ijtsrd.com/papers/ijtsrd3536.pdf

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Abstract :
The roles and responsibilities of Human Resources departments are transforming as the modern business faces pressures of globalization. The global supply of talent is short of its long-term demand, and the gap is a challenge for employers everywhere. The shortage between the demand and supply of talent is likely to continue to increase, notably for high skilled workers and for the next generation of business executives. Now organizations need to place greater emphasis on attracting human capital rather than financial capital. Global staffing and management of a workforce diverse in culture and language skills and dispersed in different nations are the key goals of global human resources. Only those multinational enterprises willing to adapt their human resource development practices to the changing global labor market conditions will be able to attract and retain high performing employees. Companies with the ability to foresee their business needs and their workforce needs – especially for high skills – will gain the decisive competitive advantage.

Keywords :
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Publication Details:

Unique Identification Number : IJTSRD3536

Published In : Volume-1 | Issue-6, October 2017

Page Number(s) : 488-490

Publisher Name : IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470

Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

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