Business Ethics and Corporate Governance, Second Edition

SUMMARY

In recent times, with increasing globalization and integration of global economies, and the need to find and put in place cutting-edge brainpower there is an increasing demand for superior human resources. There is a virtual talent hunt today to man the sunrise industries. To define it, HRM is engaged in the process of identification and development of suitable manpower resources within the parameters of the socio-legal framework of the organization and refers to the principles, policies, practices as well as the systems that influence the employees’ behaviour, attitudes, and performance. It incorporates such management functions as manpower forecasting, recruiting, selecting, training, evaluating, compensating, and, of course, facilitating ...