Human Resource Management

Vasant Chintaman Joshi
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Vasant Chintaman Joshi: Bank of India

Chapter Chapter 10 in Digital Finance, Bits and Bytes, 2020, pp 151-164 from Springer

Abstract: Abstract On the one hand, HR will have to give up its out dated practices for calling for applications, interviews etc. They have per force to shift their entire focus on using of technology to facilitate the routine functions. At another level, they have to meet the aspirations of the new entrants not merely in terms of salary but also in areas like work life balance and their aggressive career expectations. HR will also have to encourage group working and through it facilitate quicker promotions. The old hire to retire policy will have to go out of the window. Far more serious is the problem of termination of services of low skilled employees. How to continue some of their “benefits” is going to be the major problems. The problem could be acute in case of middle-aged staff. HR functionaries are going to be stretched to the hilt.

Date: 2020
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DOI: 10.1007/978-981-15-3431-7_10

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