Changing Roles of Human Resources in the 21st Century

The concept of modern management is primarily concerned with the planning and development of human resources. The man behind the machine has rightly become the focus of attention with a sense of responsibility to make the most of the skills, experience and initiative to its employees. In the fast paced world of the 21 st century, business as the management of business portfolios, leads to mergers, splits, redesigning, restructuring, finding synergies and achieving targeted values hinge on an effective executive. In such a climate, optimizing human and intellectual capital is the biggest challenge the organization faces. The article focuses on the issues and concerns faced by the HR department of the organization nationally and globally, which is being triggered off by the changing scenario of the business environment. It also talks about how the organization is grappling with the concerns of hiring the best talent in order to sustain its hold in the competitive level of the organizational race.