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Research Article Open Access
Tough service conditions with high risk, relatively poor salaries, limited promotional avenues, frequent transfers and disruption in family life could be some of the reasons due to which the Indian Armed Forces are facing a severe manpower crunch in their officer’s cadre. Setting up of pay commissions on regular basis to review pay structure, up gradation of some of the ranks and appointment have also not been able to create a sense of wellbeing. Effective recruitment, competitive compensation, efficient training and development to retain the manpower available, has therefore become a greater challenge to the military leaders. This research was undertaken to analyse relevance of best human resource practices prevalent in the corporate sector and their application in Indian Armed forces to assist them in attracting and retaining the best talent. This paper concludes with the recommendations suggesting methodology and timelines to implement the findings to improve human resource management in the Armed forces.
Optimizing performance, Socio-economic changes,Attrition, Retention of talent, Motivation, Morale, General finance, HRM, Microfinance, Multinational finance, Business Research, Corporate governance system, Financial Management services, Managerial accounting, Health Management, Logistics management , Entrepreneurship , CRM, BCM, Risk management