Role of Human Resource Management in Organizational Productivity in Context of Pakistan
ROLE OF HUMAN RESOURCE MANAGEMENT IN ORGANIZATIONAL PRODUCTIVITY IN CONTEXT OF PAKISTAN
EXECUTIVE SUMMARY
Despite some negative perceptions among the international, including European, public, Pakistan has shown remarkable political and economic developments since the late 1990s when the country was on the verge of bankruptcy. With a rapidly growing population of about 150 million, Pakistan is a major country, recognised by the international community, and is one of the most important actors in the
Islamic world. Though still having a negative image in global envirement its HR is the silver lining in its current crisis where budding new organizations are coming to the realization of the value of Human Resource Management and hence adopting modern approach to HRM.
The recent improvements in the economy and the business environment have been recognised by international rating agencies such as Moody’s and Standard and Poor’s (country risk upgrade at the end of 2003). Provided the positive trend is maintained, Pakistan presents numerous and significant opportunities for investments aiming both at using Pakistan as an export base and at tapping an emerging market with a rapidly growing middle class.
Human Resource (HR) management
The design of formal systems in an organization to ensure the effective and efficient use of human talent to accomplish the organizational goals.
“HR should be defined not by what it does, but by what it delivers.” DAVID ULRICH
As human resources have become viewed as more critical to organizational success, many organizations have realized that it is the people in an organization that can provide a competitive advantage.2 Throughout the book it will be emphasized that the people as human resources contribute to and affect the competitive success of the organization. Human Resource (HR) management deals with the design of formal systems in an organization to ensure the effective and efficient use of human talent to accomplish
EXECUTIVE SUMMARY
Despite some negative perceptions among the international, including European, public, Pakistan has shown remarkable political and economic developments since the late 1990s when the country was on the verge of bankruptcy. With a rapidly growing population of about 150 million, Pakistan is a major country, recognised by the international community, and is one of the most important actors in the
Islamic world. Though still having a negative image in global envirement its HR is the silver lining in its current crisis where budding new organizations are coming to the realization of the value of Human Resource Management and hence adopting modern approach to HRM.
The recent improvements in the economy and the business environment have been recognised by international rating agencies such as Moody’s and Standard and Poor’s (country risk upgrade at the end of 2003). Provided the positive trend is maintained, Pakistan presents numerous and significant opportunities for investments aiming both at using Pakistan as an export base and at tapping an emerging market with a rapidly growing middle class.
Human Resource (HR) management
The design of formal systems in an organization to ensure the effective and efficient use of human talent to accomplish the organizational goals.
“HR should be defined not by what it does, but by what it delivers.” DAVID ULRICH
As human resources have become viewed as more critical to organizational success, many organizations have realized that it is the people in an organization that can provide a competitive advantage.2 Throughout the book it will be emphasized that the people as human resources contribute to and affect the competitive success of the organization. Human Resource (HR) management deals with the design of formal systems in an organization to ensure the effective and efficient use of human talent to accomplish