Hrm Current Practices

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  • Topic: Management, Human resource management, Business
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  • Published : December 3, 2010
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Presenting Author: Prof. Bhavesh B. Pandya.
Institute of Business Management and Research (IBMR),
Near Asia School, Drive-in Road, Ahmedabad.

Theme: The prime objective of HRM is to have highly committed, talented, and happy workers in organization.

There is shifting change in the importance of basic input that requires in business activity. Four basic inputs are as under.
d)Money, &
If we go through the post industrial revolution era then it’s clearly seen that firstly great importance was given to money, then machinery, & material. But in today’s time period if we go through the present scenario then ‘Man’ is considered as most important input and playing vital role in success of overall business affairs.

The difference between wining company and losing company is difference among their employees. The justification of this statement lies in the Mahabharata war. Kaurava were very much powerful in comparison with the Pandava, though the Pandavas were winner. Why Pandavas won that war? The answer is people that they were having. People with dedication, courage, commitments, ethics and tactics too. And another strong reason behind it was people with vision.

All the company can go for the same machinery, latest machinery, tools, equipments, materials, plan, organization, whatever the rival firms have but they cannot go for the same kind of people. I firmly believe in one thing that Human resource is the one of the most important function of management as it is very difficult to manage and that’s why it is important now a day. And this is the only live resource that we can see in the business firm. And as it is live resource it has some unique aspect in comparison with other physical resources. The important one is that human have emotions, they sense the...
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