Role of Modern HRM Practices in IT Industries with special reference to Madhya Pradesh

Abstract

At present when business are functioning in competitive and rapid changing diverse scenario operating smoothly and successfully is a major challenge for employers. In order sustain and succeed in complex business surroundings companies need to execute distinctive approaches. As we all know that to run any organization key requisite is M5 comprise of Man, Machine, Material, Money and Method. On comparing those M5 managing man i.e. also known as human resource is  quite challenging as rest of M4 are well aligned to work process  because of human intellectual in order to successfully attain objectives of organization.  Effective HRM practices lead way to efficient organizational performance. This study highlights the role of modern HRM practices. The study is conducted to identify employee perception towards current HRM practices for its enhancement exclusively focusing on IT industries in Madhya Pradesh