Date Added: Apr 2013
Competitiveness is a company's ability to maintain gain and reputation in its respective market or industry. Human Resource Management (HRM) plays a lead role in determining this competitiveness and effectiveness for better survival. The HRM generally refers to the policies, practices and systems influencing employee behavior, attitude and performance. Companies consider HRM as "People practices". So it becomes the responsibility of the HRM to mine the best talents at the right time, train them, observe their performance, reward them and ultimately keep them happy in a company. It is simply because of the reason that every strategy of an organization is directly or indirectly related to the talents of the same.