• Dr. Priti Kiran

Today competition is very tough and if you want to survive in the race gracefully you have to constantly upgrade your skills and sharpen your abilities. Many new techniques are implemented in the organisations to motivate the employees and to help them perform to their optimum capacity. Some of the recent techniques used these days are employees for lease, moonlighting by employees which includes blue moon, quarter moon lighting, half moon lighting, full moon lighting, consequences and challenges of dual career groups, flexi times and flexi work; training and development, management participation in employees organisation, consumer participation in collective bargaining, collaborative management, employee proxy, human resources accounting, organisational politics, exit policy and practices etc In this paper we study some renowned organisations, which are using these recent HR techniques for retaining and developing their employees. By using these contemporary HR practices the organisation tries to make the workers and employees more competent, committed and comfortable to do a given job.

Contemporary HR Practices, Moon lighting, Flexi times, Employee proxy, Employees for lease.

"CONTEMPORARY HR PRACTICES - CHALLENGES OF 21ST CENTURY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.1, Issue 5, page no.634-645, December-2014, Available :http://www.jetir.org/papers/JETIR1701A91.pdf

"CONTEMPORARY HR PRACTICES - CHALLENGES OF 21ST CENTURY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.1, Issue 5, page no. pp634-645, December-2014, Available at : http://www.jetir.org/papers/JETIR1701A91.pdf