Need For HRM

Taking a look at people is a reward experience. It is the people who possess skills, abilities and aptitudes that offer competitive advantage to a firm. It is only human resource that is capable of deciding, implementing and controlling activities. No computer can substitute human brain, no machine can run without human intervention and organization has mandate to exist if it cannot serve people’s needs. HRM is study about people in organization-how they are hired, trained, compensated, motivated and maintained.

A factor Y is built not by god, but by human beings. It is people who build factories, structure organization and manage them successfully. How an idea is conceived by an entrepreneur, how building is constructed and machinery installed, how needed inputs are marshaled and put to use, and how goods and services are produced, is a saga which is no less thrilling and exciting than a general leading army to victory in a war, an invention made by scientist or a remedy discovered to cure AIDS disease.HRM, as stated above, offers a comprehensive picture about the people in an organization.

The rapid growth of globalization has increased the number and significance of MNC’s which in turn increase the mobility of people. Working for MNC’s is a challenging task. A typical management student is likely to take up a job in an MNC after completing his/her degree. A prior knowledge about HRM, particularly international HRM keeps him/her prepared for the challenges lying ahead.