The best hr practices are always concentrated on knowledge management. In recent years, Knowledge Management has emerged as one of the prime concerns of human resource Management

(HRM) system. Before understanding the concept of Knowledge Management, We define knowledge, which is known as information, enrichment, practical skill, acquaintance, etc. In Knowledge Management point to view, knowledge may be defined as actionable wisdom that results facts, information and techniques in a particular field. In HRM context, Knowledge Management is creation, distribution and utilization of knowledge at the individual group and Organizational level for the benefits of people improved and affected by it. This paper express Emerging trends in Knowledge Management faced by HR area.

Knowledge Management:-

Knowledge Management is a system by which business strategies is excused and create results. In Knowledge Management there are three basic elements:

i) Knowledge creation

ii) Knowledge sharing and

iii) Knowledge utilization

Why Knowledge Management is important?

* Limitation of Existing initiatives

* Value of knowledge

* Minimize effort Duplication

* Sharing of Best Practices

* Enhanced Innovation

Need for Knowledge Management

1. To generate information for production increases reduction of cost of expenditure, maximizing profit through knowledgeable worker or minds of workers.

2. To improve the natural and human resources through innovative method to reach.

3. To save the Organization from critical capabilities

4. To develop the right source at right timely relevant knowledge

5. To focus the higher quality production and resource allocation

6. To ensure their survival through creation, acquire, maintain, retain and process the new ideas and innovation

7. To share strong cultural behaviours for achieve goals