ACKNOWLEDGEMENT
I thank to Allah Almighty, The Most Gracious and Compassionate, Whose help and Guidance solicited us during the completion of this project.
I would like to express my gratitude to all those who gave me the possibility to complete the report. I would like to thanks all my professors who have provided me the opportunity to complete the report.
Muhammad Atif Mir Khan
EXCUTIVE SUMMARY
Economies and businesses, all over the world, are facing new trends of globalization and the free market economy. These trends have produced a compelling and comparative environment for Pakistan’s public and private sector economies as well as for organizations.
THE BIGGEST CHALLENGES FOR THE ORGANIZATIONS ARE TO MEET THE STAKEHOLDERS NEED TO REMAIN COMPETITIVE. THE ORGANIZATIONS ARE COMPETING NOT ONLY FOR THE ORGANIZATIONAL RESOURCES BUT FOR THE HUMAN RESOURCES AS WELL, THEY STRIVE TO ATTRACT THE SKILLED LABOR, WHICH COULD ENSURE THE HIGH QUALITY OF PRODUCT, AND SERVICES THUS BECOME IN A BETTER POSITION TO SATISFY THE CUSTOMER NEEDS. THE TRADITIONAL BUREAUCRATIC SYSTEMS ARE REPLACED BY MORE DECENTRALIZED SETUPS WHERE EMPLOYEES ARE GIVEN AUTHORITY TO RESPOND QUICKLY TO THE PROBLEMS AS THEY EMERGED IN THE WORK PLACE.
My personal observation is that the HR Departments in our organizations are still suffering from “boss-subordinate” and “senior-junior” psyche that is detrimental to growth and expansion. Pakistan’s economy needs quick responses to the new emerging global challenges and speed up its pace of economic and business activities.
THE JOB OF ANY HR DEPARTMENT IN AN ORGANIZATION IS TO ENSURE THAT IT HAS THE RIGHT AMOUNT AND RIGHT KIND OF PEOPLE TO DELIVER A PARTICULAR LEVEL OF OUTPUT OR SERVICES IN