Importance of HRM to Companies in the Modern Era
HRM as a practice significantly offers support and advice to the line management within an organization. Management of human resources must ensure an attraction, preservation, loyalty and development of highly profiled caliber of people/workforce in order to provide a competitive advantage necessary for the survival and success of the organization. According to the statement of (McCoy, 1999), he states that “The image of an organization, which develops the goodwill, is largely dependent on how well its human resources are managed”. Human Resource policies and practices help organizations achieve their business goals and objectives" by developing the knowledge and skills of the employees, or the 'human capital pool'. The quality of its human resource affects an organization’s ability to adapt to changes, which determines its competitiveness The Soft approach to HRM sometime known as development, stresses human side, skill development, collaboration and place f...