Prof. R. R. Azad
The concept of human resource management (HRM) and human resource development (HRM/HRD) is an organized learning experience aimed at matching the organizational need for human resource (HR) with the individual need for career growth and development. It is a system and process involving organized series of learning the activities designed to produce behavioural changes in human beings in such a way that they acquire desired level of competence for present as well as future role.
A planned and systematic approach to HR was emerged in the corporate sector in the last quarter of 20th century. Prior to it, generally the training was the only way of developing human resources. But the development of HR has emerged now as an interdisciplinary and integrated approach and replaced the training to complement the HR through ethical and innovative practices. An orderly sequences of training of HR to HRM and from HRM to HRD is just an appropriation of HR sources to meet the new challenges of 21st century.
The ethical and innovative HR practices are well needed, particularly when the enterprises are engaged in producing for the global markets and trading in international arena in partnership with their buyers and suppliers of goods and services. Now the enterprises; small, medium and large, have to take up the collective responsibility of providing safe working conditions to their employees, respect their human rights and continually improve the working environment. Thus, ethical and innovative HR practices can be expressed as a supply chain integrity to conduct and own business responsibility.
If we take a comparative look of Micro, Small and Medium enterprises (MSMEs) sector, we find that more than 95% industrial units belong to MSMEs sector and near about 45% industrial products are produced by the sector. Different categories of products and services are supplied by this sector and their ranges are more than 6,000 in different types. On the average 8% GDP has been contributed by this sector and it may cross agriculture sector's contribution as its share of contribution is rising upward, which is currently expected to be 15%. MSMEs provide employment to above 60 million persons through over 26 million enterprises. The over all growth of MSMEs sector is much higher than the large industries. Its major contribution towards economy is in employment generation at a low cost. With globalization, there is an urgent need to inculcate ethical and innovative HR practices for a dynamic and self sustaining development of MSME sector.
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