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