What is value based HR Management?
It is a set of functions quite away from routine administrative activities, which contribute in developing capabilities to compete and take business on a high graph. It includes increasing attraction rate of the organisation, developing and retaining the talent, acting with speed and agility, creating learning environment, providing strategic clarity and facilitating innovation with empowerment. The demand on HR Management to become value based and strategic is increasing day-by-day. To remove the label of ineffective, incompetent, cost addition and value sapping, HR Managers have to create value and move beyond routine functions of statutory compliances and record keeping to strategic partnership in business. Here are the following steps to provide value based HR management : 1. Creating a learning environment. To create value, HR professional has to foster a learning environment in the organisation and learning now has to happen at the convenience of the employee and also if they nee
