Impact of Market Uncertainties on Practices Human Resources department with Special Focus on Recruitment as a function

Abstract

Purpose of this paper: The purpose of this paper is to bring about the critical role the HR people play and how HR department gets affected by Market uncertainity.Methodology: Study of market shifts-export, job cuts , employment demand, unemployment.Findings: Existence of an interrelationship between market demand in any sector and employment. Practical Implications: The paper provides a guideline for the kind of future that exists for students of MBA-HR. The kind of challenges HR department has to face in the wake of market uncertainty.Originality in paper: Originality of this paper lies in relating Union budget, employment survey, market indices and changes in HR functions-especially - recruitments.