CORRELATION OF HRM WITH RETAILS INDUSTRY

Abstract

A distinctive nature of Human Resource Management (HRM) lies in its assumption that improved 
performance and organizational goals are attained through the people i.e their employees in the 
organization. The role of HR department has ever been changing striking a balance between the 
expectations of employees and demand of current business. At present retail industry has seen 
drastic change within the last few years and managing its employees has become a great challenge 
to Human resource management personnel. The present paper aims at entrusting the HR 
department with innovative practices to be followed so as to attain the desired result from 
employees. Employees respond best and exhibit utmost creativity not when they are tightly 
governed by the management but when they are entrusted to accomplish results in a freeway. This 
may cost a large deal to the organization in terms of planning and executing new procedures for 
employees but would reap benefits in long run. A review has been done to extract from the 
literature how HRM has an impact on various HR and organizational outcomes. Other industries 
have been studied to adopt best HR practices which have a good-fit in retail industry. Also, it’s 
been discussed that what are some of the innovative HRM techniques, being practiced by some 
the leading & successful retail firms. The paper concludes with the opinion that there is sheer need 
of bringing innovative practices in HRM to achieve the organizational and employees’ personal 
goals.