The world of work is rapidly changing. As a part of organization, Human Resource Management (HRM) must be prepared to deal with effects of changing world of work. For the HR people it means understanding the implications of globalization, work-force diversity, changing skill requirements, corporate downsizing, continuous improvement initiatives, re-engineering, the contingent work force, decentralized work sites and employee involvement.  Let us consider each of them one by one.

1. Globalization and its implications

Business today doesn’t have national boundaries – it reaches around the world. The rise of multinational corporations places new requirements on human resource managers. The HR department needs to ensure  that the appropriate mix of employees in terms of knowledge, skills and cultural adaptability is available to handle global assignments.  In order to meet this goal, the organizations must train individuals to meet the challenges of globalization. The employees must have working knowledge of the language…