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Under the fast-changing disruptive technologies and fierce global competitions, employers are looking for industry-ready graduates with excellent attributes and innovative skills to develop state-of-art products and replace them periodically with superior products to get the lions’ share of global markets. This is possible only if the institutes focus their efforts to develop outstanding faculty members. National Education Policy (NEP) 2020 provides a guideline to develop Indian Education to innovate in all spheres. In the last fifty years, there were many faculty development efforts, but none of them provided long-term impact. A study has been taken on the following issues: 1). Flawless Recruitment Process, 2). Planning and Conducting Orientation Programs, 3). Attaching them with Dedicated Mentors, 4). Planning and Implementing Continuous Professional Development Programs, 5). Conducting Appreciative Inquires and Follow up 6). Encouraging them to Undergo Advanced Research and Development Programs in the Research Universities. 7). Encouraging and Inducting them into the Ongoing Consultancy Projects, 8). Training them to Establish Interdisciplinary Graduate and Postgraduate Research and Programs, 9). Training and Inducting them in Planning and Conducting State, Regional, National, and International Conferences/ Seminars/Symposia, 10). Assessing their Performance and Implementing Recognition Systems for Outstanding Accomplishments, 11). Encouraging them in Planning and Implementing Diverse Global Faculty Development, 12). Facilitating them in planning Institute-Institute Collaboration, and 13.) Mentoring them to reach Higher Academic Cadres. The management should cultivate a culture of supporting and rewarding the best practices which will enable the growth of the graduates and the institute. The research on creating, supporting, and rewarding the promising newly recruited-faculty members has become essential not only to retain them but also, to serve the industries to reach national and global standards with needed human capital and technical support. The current National Educational Policy 2020 of India also focuses on these aspects, but the institutes have yet to refine their recruitment and rewarding best faculty members. This research suggests low-cost but high yielding human resource management practices to sustain the innovations in higher education and to support the knowledge-based Indian economy.

Keywords

Recruitment of Faculty, Mentoring. Continuous Training, Recognition of Outstanding Performance, Global Best Practices, and Suggestions.
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