For many years it has been said that capital is the bottleneck for a developing industry. I don’t think this any longer holds true. I think it’s the workforce and the company’s inability to recruit and maintain a good workforce that does constitute the bottleneck for production. I don’t know of any major project backed by good ideas, vigor and enthusiasm that has been stopped by a shortage of cash. I do know of industries whose growth has been partly stopped or hampered because they can’t maintain an efficient and enthusiastic labor force, and I think this will hold true even more in the future. a) State at least five definitions of HRM given by renowned authors of this field. b) Do you find similarities and dissimilarities among them? Clarify and define HRM in your own words based on those authors’ opinion. c) Write a brief idea from your own words to that extent the company president pointed out, d) For effective and efficient utilization of labor forces, the HR Manager has to perform some functions. What are those functions? Elaborate them with the help of a diagram.
For many years it has been said that capital is the bottleneck for a developing industry. I don’t think this any longer holds true. I think it’s the workforce and the company’s inability to recruit and maintain a good workforce that does constitute the bottleneck for production. I don’t know of any major project backed by good ideas, vigor and enthusiasm that has been stopped by a shortage of cash. I do know of industries whose growth has been partly stopped or hampered because they can’t maintain an efficient and enthusiastic labor force, and I think this will hold true even more in the future.
a) State at least five definitions of HRM given by renowned authors of
this field.
b) Do you find similarities and dissimilarities among them? Clarify and
define HRM in your own words based on those authors’ opinion.
c) Write a brief idea from your own words to that extent the company
president pointed out,
d) For effective and efficient utilization of labor forces, the HR
Manager has to perform some functions. What are those functions?
Elaborate them with the help of a diagram.
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