Human Resource Development.
Human resource development (HRD) is a subject area which generated through the latest trends of organizations strategies. Modern organizations use Human resource development as a tool to gain the competitive advantage in the corporate world. Basically it’s an approach to improve the Attitudes, skills and knowledge of the workforce to achieve organizational objectives. Human resource development is more futuristic effort than the old traditional Human resource management which is concerned about day to day workforce issues.
The term Human resource development was introduced by Leonard Nadler to the Miami conference American Society of training and Development in 1969.
Learning plays a major role in HRD as a tool to achieve its goals.
Learning empowers individuals and organizations to make wise choices, solve problems and break new ground. In particular, it is sustainable, it is a lifelong, renewable process for people and for the institutions that serves people..
Learning organizations are the organizations which are invested in learning to gain the competitive edge in the current and future Business world.
The Importance of this subject got reinforced by the Robert S Kaplan’s Balance Score Card and the Strategy map concepts. Kaplan states the fact that learning and growth is the driving factor of all the organizations towards its vision or future objectives.
In the past the performances and the health of an organization were evaluated through financial perspectives only but Robert Kaplan and David Norton develop a new tool call balance scorecard (BSC) which covers a wider area of organizations outcomes and performances.
Kaplan and Norton describe the innovation of the BSC as follows:
“The BSC retains traditional financial measures. But financial measures tell the story of past events, an adequate story for