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Human Resource Planning and Development

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Human Resource Planning and Development

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  • November 30, 2010
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Human Resource Planning and Development

Md. Helal Uddin Business Administration Discipline Khulna University

2010

Md. Helal Uddin, Business Administration Discipline, Khulna University. helal_bba_ku@yahoo.com.

Introduction
Human resources are inimitable, appropriable, valuable and scarce, and nonsubstitutable asset which can create competitive advantages. People and their skills are the one thing that competitor organizations cannot imitate. So, human resource management is firmly embedded in important business strategic levers to ensure continuing success. Human resource management is a blend of human capital management practices which is required for both corporate practices as well as image of the company. “Human resource management is a distinct aspect to personnel management which is committed to gain competitive edge by creating strategic deployment a highly committed and capable workforce, using an integrated array of cultural, structural and personnel techniques." (Storey, 1995 ) HRM is essentially a business-oriented philosophy for managing people in pursuit of excellence. The human resource is the one of important resources for successful development of every company. Human resource management is a strategic management of an organization’s people with the setting of environment. It is considered as the most valuable assets that contribute to the achievement of the organization’s goals and objectives. The main or core focus of Human resource management is people. It is related with gathering, maintaining, improving and motivating the people in the right environment. It helps to consider ethical issues for the mutual procedure in case fairness, respect and transparency and such. It ensures a congenial environment to have the right person in the right place. Human resource management considers the strategic fitness about the individuals and teams approach to develop the organizational effectiveness. It helps to ensure the right resources in...