Role of Hrm in Various Industries.Doc

HRM is a new discipline of Management, recently taking roots in Pakistan. Personnel Administration is its previous version that was mainly focused to strengthen of bureaucratic structure in the organization as compared to new facets of HRM that is more considerate to employees strategically aligned with the business, ultimately changing the ways organizations were run by. However it will take some time to be fully functional as it is still in its embryonic stage in most of the Pakistani organizations.

WHY HRM IS SO IMPORTANT IN THE CURRENT BUSINESS DYNAMICS?

 RIGHT MAN FOR RIGHT JOB:

HRM has marked its importance through TALENT SEARCH and TALENT DEVELOPMENT. Analyzing the top best 100 companies demonstrate one common characteristic i.e. Strengthened HR Departments that strategize RECRUITMENT & SELECTION PROCESS through policies of TOP MANAGEMENT. Every job got a person with the required skills, knowledge and traits that ensure right decision at the right time.

 TRANSPARENCY

HRM ensures transparency in all aspects of an organization .i.e. recruitment and selection, performance management, reward & punishment that are the baseline of employee’s motivation commitment to any organization.

 TIME SAVING

HRM has been identified as tool of time saving through its various business linked strategies that saves time of business operations and processes by facilitating business clientele ultimately resulting in enhanced customer base and business results.

 COMPETITION

HRM has encouraged competition in and among organizations as the existing talent tries for excelling from each other and the same way organizations promote competition.

 MERIT BASED CULTURE

HRM has encouraged competition that requires talented people to hold the important positions to excel in the current race of cut throat competition. The traditional approaches of nepotism are no longer to sustain in the business race.

 CAPACITY BUILDING

Business world is changing