INTRODUCTION
Human resources are an organization's greatest assets because without them, everyday
business functions such as managing cash flow, making business transactions, communicating through
all forms of media, and dealing with customers could not be completed. Human resources and the
potential they possess are key drivers for an organization’s success. With globalization and
technological advances, today's organizations are continuously changing. Thus, organizational change
impacts not only the business but also its employees. In order to maximize organizational effectiveness,
human potentials, individuals' capabilities, time, and talents must be managed and developed. Hence,
the practice of human resource management (HRM) and human resource development (HRD) works to
ensure that employees are able to meet the organization's goals.
Globally, the term HRM and HRD has been used by scholars, academics and practitioners.
However, confusion arises on the terms or labels for HRM and HRD and its position in management
function. The term for HRM has been understood as the only word to represent and explain the
management and development of human resources from the point of recruitment to compensation and
rewards through to career management and development to the point of retirement. Hence, it is
pertinent to examine the terms that evolved around the management and development of human
resources in organizations. In order to achieve this objective, it is important to examine the difference
in terms for HRM and HRD, the history or starting point for HRM and HRD, their relationships and the
up-coming terms used to refer human resource management and development.
INTRODUCTIONHuman resources are an organization's greatest assets because without them, everydaybusiness functions such as managing cash flow, making business transactions, communicating throughall forms of media, and dealing with customers could not be completed. Human resources and thepotential they possess are key drivers for an organization’s success. With globalization andtechnological advances, today's organizations are continuously changing. Thus, organizational changeimpacts not only the business but also its employees. In order to maximize organizational effectiveness,human potentials, individuals' capabilities, time, and talents must be managed and developed. Hence,the practice of human resource management (HRM) and human resource development (HRD) works toensure that employees are able to meet the organization's goals.Globally, the term HRM and HRD has been used by scholars, academics and practitioners.However, confusion arises on the terms or labels for HRM and HRD and its position in managementfunction. The term for HRM has been understood as the only word to represent and explain themanagement and development of human resources from the point of recruitment to compensation andrewards through to career management and development to the point of retirement. Hence, it ispertinent to examine the terms that evolved around the management and development of humanresources in organizations. In order to achieve this objective, it is important to examine the differencein terms for HRM and HRD, the history or starting point for HRM and HRD, their relationships and theup-coming terms used to refer human resource management and development.
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