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The Fourth Industrial Revolution consequent up on globalisation, revolutionary strides in information technology and manufacturing technology, brought paradigm shifts in human resources management in terms of changes in jobs, increase in demand for jobs requiring information technology skills, decline in the demand for semi-skilled jobs and the like. In addition, Covid-19 pandemic resulted in decline in economic activity and thereby jobs throughout the World. Purpose - The purpose of this revised edition is to provide latest developments in various areas of human resources management and industrial relations along with added pedagogy to our readers. This revised edition is useful to students of MBA, MHRM, MPM, MSW, M.Com etc., professors, executives of business, Government Organisations, Non-Government Organisations, and religious organisations. Wide Coverage and Additions - We have covered all significant topics of the subject/course on 'Human Resources Management and Industrial Relations’. This edition contains latest information and developments in Human Resources Management and Industrial Relations. A new chapter on COVID-19: Paradigm Shifts in HRM is added. In addition, new theories, concepts, boxes, examples, exhibits, tables and figures are included wherever necessary. Contents : Chapter 1 Human Resource Management: Organisational Context Chapter 2 Human Resource Management: Environment and Strategies Chapter 3 Job Analysis, Team Analysis and Flexible Job Environment Chapter 4 Human Resource Planning Chapter 5 Recruitment Chapter 6 Selection, Placement and Induction Chapter 7 Human Resource Development Chapter 8 Performance Appraisal and Development Chapter 9 Employee Training Chapter 10 Management Development Chapter 11 Career Planning and Development Chapter 12 Internal Mobility and Absenteeism Chapter 13 Change Management and Organisation Development Chapter 14 Job Evaluation Chapter 15 Employee Remuneration-Base salary and Allowances Chapter 16 Incentive, Fringe Benefits and social Security Chapter 17 Safety and Health Chapter 18 Motivation, Leadership and Communication Chapter 19 Participation, Empowerment and Quality Circle Chapter 20 Grievance and Discipline Chapter 21 Industrial Relations: Conceptual Analysis Chapter 22 Trade Unions and Employers Associations Chapter 23 Industrial Conflicts Chapter 24 Collective Bargaining Chapter 25 Human Resource Accounting, Records, Audit, Research and Information Chapter 26 Ethical Issues in Human Resource Management Chapter 27 E-Human Resource Management Chapter 28 International Human Resource Management Chapter 29 Contemporary Issues In HRM Chapter 30 Retention, Separation, and Re-employment Chapter 31 COVID-19: Paradigm Shifts in HRM