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Is Indian telecom industry heading for a monopoly? BRICS development bank Adding Zest to Scooty Economic issues take a back seat at G20 summit Sun Edison launches solar pumps Changing dynamics in human resource management An American alliance in the chemical industry? Indigo stays leader with 40 per cent share Investor friendly Japan A global plastic event in India An aerospace-defence cluster in Tamil Nadu… Inclusive and forward moving... When Centre visits the state The new look- 4s Verna Strategy war escalates between Hero and Honda Chennai will soon get its World Trade Centre ALL – truck industry is recovering from degrowth Connecting the unconnected More gensets and diesel engines from TAFE Chola MS launches motor app Bridging the skill deficit in pharma industry Industry-well poised to invest on expansion Purdue and IIT-M sign the dotted line Waste, a gold mine Automotive Vision Plan II... Curbing steel imports will hurt small business... Flexible labour laws… CUB: towards card-less withdrawal European crisis is a global crisis! ALL-two launches in a row Celebration time at MS Chola Four daughters and a proud father Hero Motocorp - smooth ride Hyundai excites again TiE applauds innovative entrepreneurs Steel loses its sheen IFCI to raise NCDs upto Rs 2000 crore Housing Innovation Challenge, 2015 AirAsia India infuses funds to fight out competition Pharma market dozes Airlines wage price war Towards peace of mind Rating of states to be released soon Indian Bank – global businesses crosses Rs 3 lakh crore... Tata Steel commence operations at Kalinganagar Schwing Stetter India joins hands with US-based Gomaco Innovation that helped Chennai port TVS Logistics – another acquisition to sharpen the business model Celebrating 180 years of relevance Chola MS net crosses 100 crores ALL to launch electric busses SumInfra- corridor based development... Auto test tracks launched at GARC Oragadam campus TII-challenging year with flat growth Three more leather clusters… Gem of social service... Backpack laboratory TOP 10 CEO Compensation People Flow Day- Safety ECGC expands operations - Blue Star plans a new plant in south Downsizing spree... Brand leaders come forward... TCS’ revenues cross Rs 100,000 crore Chennai to get a roundabout Metro Realty sector takes a break... Dynamic e-commerce scenario Realising double digit growth in Tamil Nadu Reality bytes Creating Tamil Nadu Banana brand Ridley marathon to India LVB gears to become a financial supermarket World labour laws at a glance STFC raises money Big-ticket investments march towards Punjab Well-refined – RIL’s refinery margins zoom TN budget pragmatic and moderate on fiscal deficit Scoot offers just Rs.13,500 to ANZ... Apple maps – finding its way Chennai Port is at last decongested! Holiday Inn opens in OMR Chennai WABCO’s second Chennai plant OBO Bettermann for better lightning protection Business Briefs Business Breif Smart controls for cooling large multi-zone spaces ... Time to fast-pace the logistics sector Climate change may change the way businesses work... On the ‘milky’ way Nigeria comes nearer Research needs more funding Focus on self-certification and third party inspection Carrefour’s quick exit Durga - India’s largest blast furnace; now operational Striking cords for 25 years… Illicit markets a concern to growing economy Nothing to hide... Economic, business and social sustainability Applauding enterprise... TII’s single largest investment at Thiruthani Veritas Finance- financing the unfinanced Placing the right shoe forward... Digital retail transactions stabilise at higher level… Murugappa- a year of consolidation Techies trip to India ISRO's 100th mission Secured NCDs from Shriram City Need to focus on ease of doing business... Make way for the new and dynamic railways
 
Changing dynamics in human resource management

From mere selecting of talent for an organisation, today the role of human resources department has taken different dimensions.

With attrition rates becoming a concern, the CII conference on TN HR Summit discussed on the changing trends and the need to keep attuned to it. P Padmakumar, Head- Human Resources, Saint Gobain Glass India Ltd, pointed to the roles of HR manager ensuring cordial industrial relations. “HR Managers, while recruiting should look beyond compensation and inculcate the virtues of the company into the recruiting candidate. This will help in retaining talent.”

He pointed to an emerging field of HR analytics in which huge data are analysed before recruiting candidates. “What was then done on a gut feeling, cannot be continued. Like surgeons HR managers can make or break an organisation,” said Padmakumar. Kumar Jayanth, Secretary, Labour and Employment, Tamil Nadu pointed to the TN Skill Development Company aiming at skilling youth and invited partners from the private sector for this mission. Around Rs 150 crore has been set apart for the year.

With the GIM, new companies are expected to open shop in the state. Jayanth expects this would create a need of around 5000 HR professionals.

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