Human Resource

INTRODUCTION


Today in the 21st century, we can see many organizations all around us. Organisation exists for many different reasons. Some organization exists to provide products and some to provide services. Some are in for the profit but some are not. In order to achieve their objectives organizations rely heavily on the resources they have.

Regardless on the resources organizations require to achieve their objectives, the human resource is always the most important essence to the success of any organisation (Nankervis, Compton and McCarthy, 1999).

To start our discussion, first we must understand the concept of human resource management. The simple meaning of HRM is managing people within the employer and employee relationship, this means that it involves the productive use of people in achieving the organizations strategic business objectives and to reach the point of satisfaction for employee needs (Stone, 1998).

Next we must also understand the concept of strategic ...