CONCLUSION
The terms for human resource management and development has indeed evolved through the centuries. The term ‘human resource management” has evolved from personnel management in the early 1900s and through to the current use of the term ‘human capital management’- popularly used by many large firms. Similarly goes to the term ‘human resource development’- most practitioners understood the term ‘training’ as similar to HRD and the term ‘training’ is being popularly used to label departments and seen as synonymous to HRD. However, in the next decade or in very near future, it would not be surprising for us to see or hear new terms to represent HRM. Could it be ‘intellectual capital management and development? Or could it be expertise elite management and development, particularly in the era of knowledge-based workforce and the oncoming era of knowledge-expertise workforce. Indeed, these new terms would be oncoming and may be necessary to keep up with changes with the advent of globalization and internationalization and rapid technological advances. As such the field of human resource management and development will require new terms to describe its evolution and to take in new concepts, ideas and philosophies surrounding HRM and HRD.