Abstract :
Human resource practices are most effective
when coordinated with strategic goals of organizations. HR
practices role in the company‘s success is growing rapidly
with the growth in many sectors in the present globalized
era. With the growth of the Indian industries in the
knowledge-verticals', human knowledge is undoubtedly the
most important strength nowadays. To make sure that a
company chooses the right person for the right job, and
manages human resource carefully, processes like
competency mapping are gaining ground. Competency
planning is a process of identifying key competencies for a
particular position in an organisation, and then using it for
job-evaluation, recruitment, training and development,
performance management, and succession planning. In
conjunction with the balanced scorecard, this can be an
extremely healthy tool to manage an organisation's
performance. As far as the HR function is concerned, the
time has perhaps come where it needs to be treated as a
line function with every manager having HR activities as
part of his line responsibilities, rather than treating HR as a
separate, support-providing activity only. The shift in focus
from traditional HR practices to strategic HR practices was
inevitable. Competitive advantage for an organisation lies
not just in differentiating a product or service or in
becoming the low cost leader but in also being able to tap
the company's special skills or core competencies and
rapidly respond to customer's needs and competitor's
moves. HR practices can play a vital role in identifying and
analysing external opportunities and threats that may be
crucial to the company's success. It is in a unique position
to supply competitive intelligence that may be useful in the
strategic planning process. Hence, HR practices to attract
best talent , giving them pleasant environment to work with,
that enables the company to retain talents, the above said
practices are conceived and implemented and found
successful by the leading companies in India.
Keyword :
Human Resource Development, Human Resource Practices in India.