In order to control inflation, the Reserve Bank of India(RBI) offers monitory support to the commercial bank by way of lending money to overcome the funds shortfall.
Published in Chapter:
Human Resource Management Strategies of the Indian Information Technology Sector Post-Pandemic
Kannan Rajagopal (SCMRD, Symbiosis International University, India), Vaisahli Mahajan (Symbiosis Centre for Management and Human Resource Development, Symbiosis International University, India), and Krishna Chandan Ayyagari (Symbiosis Centre for Management and Human Resource Development, Symbiosis International University, India)
Copyright: © 2021
|Pages: 20
DOI: 10.4018/978-1-7998-6632-9.ch010
Abstract
The objective of this chapter is to discuss the changes incorporated in the human resource management strategies post-pandemic situation owing to the COVID-19 pandemic which has instigated disaster across the Indian information technology sector. However, the information technology (IT) industry has been cruising through the situations steadily compared to the other sectors as it has adopted certain innovative human resource (HR) management strategy coupled with technological innovation. The theoretical investigation using the secondary data sources and views of HR professionals clearly reveals that the information technology sector has incorporated strategic changes to restore the balance and control the distortion caused by the COVID-19 pandemic to the industry. More specifically, the diverse HR strategies incorporated by the IT firms in their efforts were focused to combat the economic repercussions caused by the pandemic, keeping in mind the financial strength of the company, employee morale, future business outlook, and employer branding.