Strategies for Harnessing the Changing Nature of Human Resources With a Special Focus on Diversity

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Author(s): Betty Sibil (Pillai Institute of Management Studies and Research, India)and Celina Joy (Pillai Institute of Management Studies and Research, India)
Copyright: 2021
Pages: 17
Source title: Critical Issues on Changing Dynamics in Employee Relations and Workforce Diversity
Source Author(s)/Editor(s): Radha Yadav (Dayananda Sagar University, India), Priyanka Panday (Doon Business School, India)and Naman Sharma (Indian Institute of Foreign Trade, India)
DOI: 10.4018/978-1-7998-3515-8.ch001

Keywords: Business Science Reference / Human Aspects of Business / Human Resource Management / Knowledge Management and Library Science

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Abstract

The world is witnessing a fourth industrial revolution characterized by an unpredictable environment in which disruptive technologies and trends are changing the way humans live and work. While organisations are grappling with the challenges of the fast-paced external environment, the last decade has also witnessed the changing nature of human resource posing difficulties for the future of work. Millennials are entering the current workforce with high levels of education, huge career aspirations, and seeking a faster pace of growth in the organization resulting in high attrition rates. Traditional policies and practices of employee relations which steered human resources in the past may be inadequate to meet the growing challenges of organizations in the 21st century. This chapter will be an attempt to gain a deeper understanding of the changing nature of employee relations with respect to employee diversity and how it can be used as an employee retention tool in the rapidly changing environment.

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Strategies for Harnessing the Changing Nature of Human Resources With a Special Focus on Diversity

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