User:RAVINDRA SAMBARE/sandbox

TOPIC-“Human Resources-It’s roles, functions and strategies in the shadow of Inflation and Monetory Insta bilites with referance of Indian Economy and HRM.’’ Inflation or any monetory devalutaions always interfered with activitesof human beings leading to economic  prosperitites. The knowledge thus got updated with subjects.The measurements against monetory devalauations were counted with gathered informations from Historical data available and future plans decided.The very problem of Inflation arised out of so many different causes which arenot related with subject but the effect directly or indirectly compared and  analysised with Human Resources Management studies and disciplines. Inflation can affect both to the employers and employee,governments sector and private sector,over country’s economy and global economy,over organization with economic benefits and scocial objects.When the organization measuring benefits economically –inflation study becomes necessary.The input for the business started is correct,when the output will also results successful. Inflation’s or monetory instabilities are concerned with HRM practices and this was already discussed with many systematic case studies and discussions with management study centers.I want to concentrate on tht aspect of the study part which is still not illuminated or purposefully incorporated with economics or micro-economics study part. Still it is debated what is the relation of economic problems and HRM studies when it is a theoratical base for best management practices. Still when the study of HRM has practical implementations when working to achieve the organizational objecives which are co-related or developed on the base of HRM objectives. When HR performs various roles or functions it has 60% concern with the organization for which it is working.When we are catagorizing the organizations over world ,organizations to meet the financial benefits are maximum in number and hence economics or micro-economics problems have real concern with HRM studies.

A-HRM STUDY An organization can be of any size ,it can be an economy of a nation or a multi-national organization.It can be privatise working for the personal benefits or it can be public sector working for public or for the benefit for all.It is always directed and controlled.It is planned ,organised ,directed and controlled by the authorities which are managers and supported with Human resources.If the very base of proper intellect ,knowledge and skills of the people is not solid how can one imagine the construction will have firm foot?The external problems will easily decay the solid and healty part.The law of medicine discuss,when the live structure has no capability of sustainability of virusus attacking,the the body come under its influnece. Same with HRM practices may it be with Indian economy or the global economy.The thing is that inspite of the preacutions against all exeternal problems with changing scenes of World politics and natural disorders,the economies of world should prosper. It must satisfy the need of the growing number of people against infrasture available. When the popular law of Economics say when the infrstrucural avalability and need of consumers don’t mach,it results in inflation or deflaction.That is for what management study .The balance with advancement of time between the growing number of pepole and availability of infrasture should match with the mangement knowledge. With small scale when working with a small company ,the HR strategies could not achive its success,it is not the external or internal environment change but the very HR policies are criticised for its ill management. The same is the expamples with growing discontent with managemnet and employees in many flourishing organizations in India which has a large number of proportional contribution in India’s encome in our economy.Posssibly the coming monetory inflation or monetory instabilities counted while utilising the manpower available. The probabal external environment attracting the organizational objectives could have rightly gussed,the statstical prdications included the margine for uncalled monetory instabilites,and the right steps for right employee remunations and compensations implemented; the scene today had certainly different with many welcoming changes.Possibaly the discussion leds us to the HRM defination- “Edward Flippo states : Personnel Management is the planning, organizing, directing and controlling of the procurement development, compensation integration, maintenance and separation of human resources to the end that individual, organizational and societal objectives are accomplished. According to Lawrence Apply, “It is a function of guiding human resources into a dynamic organization that attains its objectives with a high degree of morale a nd to the satisfaction of those concerned. It is concerned with getting results through people. All management is personnel management as it deals with human being, its development can best be discussed in terms of human development, philosophical, psychological, spiritual and physical.”

In the words of Dale Yoder, “Personnel Management is that phase of general management which deals with effective control and use of manpower as distinguished from other resources.” B-HRM SYSTEM

The philosophy of HRM which is the culminative point of both external and internal environment with organization.Strategies,policies,functions,roles,practices and the process are always influenced with the problems of monetory flacutaions existed and influneced with global or national economic practices.

C- HRM FUNCTIONS

The division of resposibilites with Top managers and HR managers are clearly visibal which has less difference compared with resposibilites.More over HR manager is largely responsible for the outcome results when the process was practised and come under more criticism for its failure or success.

D-EXTERNAL FACTORS ACHIEVEING ORGNIZATIONAL GOALS It may be political, Economic, Social or Technological issues where’s from encircled the process of HRM, monitory benefits of any financial organization is the very concern and when the global economic thinkers and large scale organizations are measuring precautions against growing Inflation, HRM to get its work done need changes in human resource planning, recruitment, strategy, performance analysis, training and development process and selection too for employee participations.

E- HR ACTRIVITIES Inflated wages or salary administration is really a welcoming step in this regards and a branch rejuvinated or a road tobe paved counting the employee concerns and inflationary effects. But it has been ristricted only with the same proportion neither did with input and very output of the organization with all demention it is attached and impemented.The responsibilites of HR roles or functions can be seen with the help of the graph exhibited below.where work of compensation of employee comparatively one of the many funcations of HR.

F-WORK PROMINANCY IN HR ACTIVITES

G-INFLATION AND GROWTH IN WAGES

H-SECTORWISE EMPLOYEE IN INDIA The present graph is quite illustrative to describe the human skills or knowledge invested in India in various sectors.When talking about business Inflation as measured with reserchers influence with businees out put 67% ,it has affected 65% with business logistics in India. As an assumed organization in the topic narrted – Indian economy should have maximum output and could imagine the place with economic growth pace of world and developed countries.The global inflation rate and developed contries mean rate of inflation is far less compared with present economic inflation rate of India. It’s %3 differnce ,hurdles to place Indian economy in Developed nations rank by yr 2050.

Changes in today’s HR roles are but the outcome of the problems considered time to time. With the advancing of inflation problem in India and similar developing countries ,the HR roles obiviously need change in its policies and roles.The following graph shows how much % of role a HR need to perform indicates the Inflation comparision with the roles against.Instead it is only attached with salary administration and employment and thus the topic value ‘Inflation and hrm’harmed a lot.

I-CHANGING INITATIVES IN HR ROLE

This is a advancement of various channals through which the disscussed problem should have mixed and then analised. To see the very change in in HR culture,recent trends accepted and disscussed ,debated and then implemnted in practical behaviour will certainly result in overcoming the uncalled problems by monetory devaluations in all organizations. J-EVALUATION OF NEW ORGANIZATIONAL CULTURE The cart shows India’s position in growing inflation rate over the world.With the compiting economies India need to meet the pace or the problems or harmful causes of Inflation will certainly harm the HRM work and prove to loose its efficincy in near future. K-NATIONS INFLATION RATE OVER WORLD L-EMPLOYEE EMPOWERMENT

Employee is the very center through which the whole process revolves. Environment to improve employee performance is almost necessary .Growing inflation troubles a lot to the working class of any nation,India like nation where 60% of population are employee ,they are also suffering with growing inflation in market.Management should empower with various compensations to the employee.The rewards for the work ,will control over growing problems like Brain drain. M-SOCIAL/ETHICAL BUSINESS To seek the social or ethical value of any business ,it is suggested that enough knowledge through various training and education should be imparted.The necessary information in all organization concentrating economic problems achiving organizational objectes should be given,is the call to time and it will attract nation’s advancement too.

N-ATTAINING GOALS THROUGH EDUCATIONA DN TRAINING Through various programs availble employee can be made aware about the future statastics.Management can take the employees into consideration and thus achive inflationary set targets expected from the employee involvement whereever concerned.

O- PERFORMANCE MANAGEMENT AND ACHIVING PACE

Reporting to the monitoring –are various tools for HRM studies to reach to the smart decisions.It may be funcation of domestic HR or may it be with IHRM for global practices.Had the discussed problem gone through every process narrated above ,it could have so many annals which could give the answer where is exactly the imbalance.Similar monetory devaluations in future with nation or over world arised,how to check it.And the precautionary structure ready available would certainly outcome of the Human resource management.

Obsevance of Precautionary measurement for any Organization- The relative co-sequeces of Inflation and Monetory devaluations are explained with diagrams of no. P,Q AND R.

P-Organization and Monetory devaluation and Inflation To achive Desired Predicted benefits for any financial organization (size may vary according to the examples), if with correct used logistics and investments,Inflatory or monetory instability margin counted,the possible results or output will not distract in any situation and any time finite counted for future.

Human Resources Inflatonry or Monetory Instability Measurements-

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= Q-Steps of HR goal achivement and Inflation Inflationary or Monetory instability rates with its variances if included in every single principle of Human Resorce as shown in above diagram ,fruitful changes are certain. HRM Study and Inflation or Monetory Insecurities- A step wise progressive systematic apporach behind the population strenghth of Nation will certainly lead to the expected disired Economic place in world scenario will no way a fanatic notion elborated in the study topic thesis.

R-HRM Study concern to Infalation and Monetory devaluations To sum up- •	With all parameters and tools available Inflation and all monetory devaluations has concern.The encouragement with emplyee compensations with inflated salary administration and increasing problem of unemployement along with HRM studies is really insufficent.(diagram seldf of HR performance with inflation) •	The possible problems areised are trnsacatory and there’s no finite durability and subject study has age old fundaments.When all are true why then the Recent trends in HRM? To overcome the existing problems indeed. The overall problem narrated with inflation may have different face and so any monetory devaluation and the precautionary measures available across future a certain finite time ,the picutre of economic success will more clearly visible.The managerial practices of HR can expect such a genuine marvel is not a fantacy at all.The comparative study of subjects with different branches of knowledge always added dimenstions and proved with ultimate solutions.

•	Practical implementaion-when HR mauals in training could give how inflatory measures with Employee involvement included ,it will indicate the practical implementaions for emplyee awareness.With the size of the organization and its managerial powers the way of influencing the problem may vary.(diagram-organization size and m.problems).To impact it HR research can contribute ,with various analytical tools of HR like SWOT its urgency and importance can be convinced. To achieve the maximum successful results with the invested input in business ,it will be a successful step.Against the size of organization ,the possible losses can be protected.And similar will be the statastical measures for HR performances. •	Self approach quote for study topic- “Human Resource Manangement is scientific system which try to achieve balance between Expected Human growth and economic or financial calamities over the world .”