HR CHALLENGES AND OPPORTUNITES -2020

Human resource management is the strategic approach to management of an organization's most valuable asset—its people. It covers the recruitment, management, and direction of people who work for the organization and deals with employee compensation and benefits, hiring and training, performance management, organization development, safety and wellness, and organizational communication. HR managers are facing many challenges in present business scenariolike globalization workforce diversity,technological advances and changes in political and legal environment change in information technology. All these challenges increase the pressure on HR managers to attract,retain and nurture talented employee. HR professional can't ignore these challenges rather they ought tobe line to design and execute innovative mechanisms of developing skills and competencies of human resources to prepare them to accept the emerging challenges. Developments of the past three decades have changed the face and practice of business and these changes have confronted managers with many opportunities and challenges. Nowhere are these challenges more pronounced than in the area of HRM.