Summary
Human Resource Management or Human Resources Development encompasses Human resource procurement, development, talent management, compensation, mobility, retention, performance appraisal & employee relations.
Shortage of critical skills has become a global phenomenon = due to ageing population and the baby boom children reaching retirement ages. Demographic change is being witnessed cutting across nations and regions. Organizations in countries like India are also witnessing a change process in systems, management culture, philosophies and management practices. It is primarily due to economic compulsions and global alignment of developing nations.
