Overview Of Hrm
OVERVIEW OF HUMAN RESOURCE MANAGEMENT
In the last decade, Indian organizations have experienced competition from a number of multinational corporations who started operating in various sectors like banking, insurance, manufacturing, hotels, airlines, mutual funds etc. Before 1991-92, most public and private sector companies of India worked in a secure/controlled business environment. In the last decade, however, a number of major changes have been observed in Indian industry. Firstly, Indian consumers are exposed to world class products and services provided by MNCs. Secondly, huge amounts of foreign investment has flowed to local industries. Thirdly, a number of mergers and acquisitions have taken place like TOTAL-FINA ELF, GLAXO SMITH KLINE/BEECHAM, HINDUSTAN LEVER AND BROOKE BOND INDIA LTD., JENSEN NICHOLSON, ICICI LTD. AND ICICI BANK, etc. Multinationals like Hyundai and LG have set up new plants, which have better technology as compared to the earlier Indian......
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Approximate Pages: 14 (250 words per double-spaced page)
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