Innovative HR Practices in IT Industry in India

Innovative HR Practices in IT Industry in India


Abstract

India's information technology industry has matured, and rivalry among the different companies has increased. “Manpower” has traditionally been the primary resource used by IT businesses to identify their core capabilities. As a result, recruiting competent people, developing them within the company, keeping them, and preserving the information they generate is a key strategic goal for all businesses in the industry. To do so, these businesses' human resource departments must develop and take on a more prominent position in the company. The HR department in IT companies has responded to the new difficulties presented by the business environment by bringing in innovation in Human Resource practises with the backing of senior management. While trade papers sometimes document these initiatives, no study has been done to determine the scope and effect of iHRM practises in India, particularly in the context of information technology.

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Introduction

It's no secret that today's company success is mainly dependent on people rather than money. This is particularly important in ‘people businesses,' such as software firms, where people expenses are relatively high but capital costs are low. People businesses, according to Barber & Strack (2005), are firms with relatively high personnel expenses, a high ratio of employee costs to capital expenditures, and little investment on activities targeted at creating future income, such as R&D. In people-intensive companies, the issue of where and how value is generated or wasted may be answered by looking at measures of human productivity rather than capital productivity. Employees are essential resources that a software business recruits, motivates, and keeps.

For More Details About Innovative HR Practices in IT Industry in India Please Visit Our Website


 Or call us +91 9481545735


Conclusion

India's information technology industry has matured, and rivalry among the different companies has increased. “Manpower” has traditionally been the primary resource used by IT businesses to identify their core capabilities. With these factors in mind, as well as employee happiness, senior management has been pressuring HR departments to implement new HR methods. However, it's worth noting that the effect of iHRM efforts is much greater for bigger companies than for smaller organisations. Employee happiness and productivity have an impact on organisational performance at the micro level.

For More Details About Innovative HR Practices in IT Industry in India Please Visit Our Website


 Or call us +91 9481545735

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