International Academy for Science & Technology Education and Research (IASTER)
The management of human resources has now assumed strategic importance in the achievement of organizational growth and excellence. As globalization advances and the people move into the information age, organizations need to adapt to the changes in technology and the changing issues in management of people. Today, competitive advantage is based on the successful application of knowledge. Managing people, as an HRM function, has broadened, to include managing organizational capabilities, relationships, learning and knowledge. These functions include four generic areas, i.e., roles, relationships, strategic focus and learning focus.