A Study on Globalised Environment and Human Resource Management and Development

Abstract

Human resources constitute a critical determinant of production within any given organization. Human resources are unique among all resources in that they remain constant in value over time. During the era of globalization, numerous alterations occurred throughout the world. We now reside in a global village. The implementation of new policies in the Indian economy and recent developments in the global economy have collectively contributed to a significant transformation in the corporate landscape. Each organization has been exposed to both positive and negative experiences. There have been structural, financial, technological, and human resource transformations in the business sector. In recent years, the human resource function's purview has expanded beyond the HR department to encompass the entire organization. Organizations must recognize the significance of the human resource function and take the necessary steps to restructure their operations. There is an urgent need for research on human resource development (HRD) practices in the twenty-first century due to the fact that the business world must adapt to global challenges and demands. As a result, the scope of this research has been expanded to include HRD activities in private sector organizations. The research is constructed upon a compilation of primary and secondary data obtained from a variety of sources.