Preview

Hrm Practices

Better Essays
Open Document
Open Document
2478 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Hrm Practices
Page 1 of 8

Best Human Resource Management Practices: Prescriptions in Panchatantra
Dr C Chendroyaperumal Director National Institute of Management Studies Chennai 600096 Ccp_dr@yahoo.co.in Key words: HRM Practices – Panchatantra Abstract Human Resource Management has come into prominence only recently and its strategic importance recognized only very recently. The literature on human resource management is based largely on the western thought. The contributions to human resource management practices from India are rich and very effective but long remained ignored by the scholars. For instance, Lord Buddha and recently Mahatma Gandhiji have all proved the effectiveness of Indian human resource practices to the utter disbelief of the rest of the world. The aim of this paper is to highlight some of the human resource management principles prescribed in Panchatantra (one of the ancient Indian works on management using the case method, a method to be discovered by the West only 5000 years later!) related to employee qualities and work, leadership, motivation, employee turnover and retention, research and development personnel, conflicts, and employee care. It will of great interest to both scholars and practicing human resource managers to note that the human resource management principles found in Panchatantra are not only easily practicable but also look as if they were written for today! Practicing these HRM principles would result in better management and utilization of human resource and thus would enhance the efficiency and performance of the whole organization. I Human Element

It is only the mankind that develops systems, methods and instruments of various types, to meet their needs to subsist such as firms, modern corporations, etc. The basic method is to apply the concept of division of labor to various levels to maximize production by minimizing time. Grouping of this division of labor is known as ‘functional areas’ in the modern parlance. Thus in all

You May Also Find These Documents Helpful

  • Good Essays

    HRM case study

    • 575 Words
    • 3 Pages

    On the other hand, Kathie , Sallie and George were a part of the outer group. They were…

    • 575 Words
    • 3 Pages
    Good Essays
  • Best Essays

    Hrm in Business Context

    • 2946 Words
    • 12 Pages

    A Report on Influences and Developments in the External Environment that have an impact on HR policies and practices,using the framework of STEEPLE…

    • 2946 Words
    • 12 Pages
    Best Essays
  • Good Essays

    Best Hrm Practices

    • 784 Words
    • 4 Pages

    1. Good Practice in Human Resource Management (HRM) Based on an interview with Graham Walton, Library Service Development Manager at Loughborough University ExFiles FOLIO Course – January 2007…

    • 784 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Hr Practices

    • 13893 Words
    • 56 Pages

    The strategic level contribution of HR is defined as “the overall and coherent long term planning and shorter term management control and monitoring of an organization’s human resources so as to gain from them the maximum added value and to best position then to achieve the organization’s corporate goals and mission”.…

    • 13893 Words
    • 56 Pages
    Good Essays
  • Satisfactory Essays

    HRM Management

    • 774 Words
    • 4 Pages

    First, it makes a firm commitment to give very good value for money. It uses the best construction raw materials, employs high quality professionals like Civil Engineers, Chartered Accountants, MBAs etc. and makes every employee confirm to its values. Secondly, It eliminates black money in all its dealings with customers. Every customer understands that Alacrity stands for high values and he can expect the best. Hence customers happily accept to pay in white money. Thirdly, it offers compensation for delays, at commercial rates of interest. Fourthly, it is not against competition, but is keen on being the market-leader it already is, by setting standards for others to follow. In fact, in Chennai circles, the "Alacrity way" of doing business is now very famous and…

    • 774 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Hr Practices

    • 368 Words
    • 2 Pages

    1. Expand services and enterprise solutions businesses 2. Obtain more patents through acquisitions 3. Strengthen their presence in emerging markets 4. Tablet market growth…

    • 368 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Hr Practices

    • 549 Words
    • 3 Pages

    ITC is one of India's foremost private sector companies with a market capitalisation of US $ 35 billion and a turnover of US $ 7 billion. ITC is rated among the World's Best Big Companies, Asia's 'Fab 50' and the World's Most Reputable Companies by Forbes magazine and among India's Most Valuable Companies by Business Today. ITC ranks among India's '10 Most Valuable (Company) Brands', in a study conducted by Brand Finance and published by the Economic Times. ITC also ranks among Asia's 50 best performing companies compiled by Business Week.…

    • 549 Words
    • 3 Pages
    Good Essays
  • Good Essays

    HRM practices worlwide

    • 1269 Words
    • 6 Pages

    1. The four pillars of professionalism form the square shape of the “house” as the foundation for…

    • 1269 Words
    • 6 Pages
    Good Essays
  • Good Essays

    HRM Case Study

    • 998 Words
    • 4 Pages

    Appraisal Reviews are the subject of ever firm across the globe. How we conduct these reviews and assess the feedback can be a major obstacle for a firm to address. These reviews are a guided mark with the firm to help review the employee and provide important feedback while also assessing future career implications…

    • 998 Words
    • 4 Pages
    Good Essays
  • Good Essays

    hrmanagement

    • 1156 Words
    • 4 Pages

    There are few ways by which we can forecast the manpower needs of Ya Kun Kaya. They are:…

    • 1156 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Hrm Management

    • 292 Words
    • 2 Pages

    4  Decline in traditional industries with high demands for manual labour, while service and information processing industries grow. Emerging ‘knowledge' workers likely to have confidence, knowledge and labour market power to pursue their interests individually. Companies tailor individual incentives to respond to this trend.…

    • 292 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Tondl, L. (2002); Znalost a její lidské, společenské a epistemické dimenze; Filosofia; Prague (pp. 22 – 23)…

    • 3287 Words
    • 14 Pages
    Better Essays
  • Better Essays

    Hrm - in a Company

    • 1456 Words
    • 6 Pages

    The Walt Disney Company is an American diversified multinational mass media corporation headquartered in Walt Disney Studios, California. It is the largest media conglomerate in the world in terms of revenue.…

    • 1456 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Hrm Case Study

    • 2487 Words
    • 10 Pages

    1. With reference to the’ hard’ and ‘soft’ (Storey, 1989) academic model of HRM, explain the main similarities and differences between the approaches to people management at Café Co before and after the review…

    • 2487 Words
    • 10 Pages
    Good Essays
  • Satisfactory Essays

    Basics Of HRM

    • 406 Words
    • 5 Pages

    Human Resource Management Definition • HRM is planning, organizing directing and controlling of the procurement , development, compensation , integration, maintenance, and separation of human resources to the end that individual, organizational and social objectives are accomplished. Core Elements of HRM : Organizations ----People ------ Management Functions of HRM Managerial Planning Organizing Staffing…

    • 406 Words
    • 5 Pages
    Satisfactory Essays

Related Topics