Human Resource Management (HRM)
Human Resource Management (HRM) is the process of managing employees in an organization. It includes hiring, training, developing, and retaining workers to achieve business goals. HRM also ensures a positive work environment, fair salaries, and compliance with labor laws.
Changing Dimensions of HRM in Nepal
1. Increased Use of Technology
Technology has transformed HR practices in Nepal. Companies now use HR software for payroll, attendance, and recruitment. Online job portals like Mero job and LinkedIn help in hiring employees efficiently. The rise of remote work and virtual meetings after COVID-19 has also changed traditional office-based jobs.
2. Shift in Employment Trends
Many employees prefer flexible work, freelancing, and part-time jobs. Nepal is also facing a labor shortage due to youth migration abroad for better job opportunities. To retain skilled workers, companies offer competitive salaries, career growth opportunities, and better benefits.
3. Changing Labor Laws and Policies
The Nepalese government has introduced new labor laws to protect workers’ rights. Companies must now provide social security, insurance, and pension benefits to employees. There is also a stronger focus on workplace safety, fair wages, and gender equality.
4. Growing Importance of Employee Well-being
Organizations now focus on mental health, work-life balance, and employee engagement. Companies provide wellness programs, flexible working hours, and team-building activities to keep employees motivated. Maternity and paternity leave policies have also improved.
5. Rise of Skill-based Employment
Employers are giving more importance to skills rather than just academic degrees. Many companies offer training programs and internships to develop industry-relevant skills. Collaboration between businesses and universities is also increasing to produce job-ready graduates.
6. Diversity and Inclusion
Nepalese organizations are promoting diversity by hiring more women and marginalized groups. Workplaces encourage equal opportunities for all employees. Strict policies against workplace discrimination and harassment are also being implemented.
7. Expansion of the Private Sector
The number of multinational companies, banks, and IT firms is increasing in Nepal. Startups and entrepreneurship are growing, creating new job opportunities. Due to rising competition for skilled workers, companies are offering better salaries and work conditions.
8. Globalization and Outsourcing
Many Nepalese companies now provide services to international clients, especially in IT, customer service, and digital marketing. Outsourcing jobs and remote work for foreign companies have increased, helping Nepalese professionals earn in foreign currencies.
HRM in Nepal is evolving due to technological advancements, labor law changes, and new employment trends. Companies that focus on employee well-being, diversity, and skill development will have a competitive advantage. Effective HRM helps in creating a motivated workforce, leading to higher productivity and organizational growth.