Human Resource Management/ Development Practices and Organizations Competitive Advantage

摘要

The cut-throat competitive world has made the importance of human resource more crucial than any other resource and thus development of human resource (HR) is key to competitive advantage for any organization. Various surveys highlight that human resource management/ development (HRM/D) practices like performance appraisal (PA), training and development (TD), knowledge management (KM), employee empowerment, employee motivation, career management, etc. applied by human resource department (HRD) are visible in organizations and are also resulting into achievement of various organizational objectives (OO) like employee skill development, employee competence, enhanced performance, organization innovativeness, organization commitment, competitive advantage (CA), higher productivity, organizational growth etc. apart from financial profits and enhanced brand image. The reason behind the study is to find association between various HRM/D tools in practice and the competitive advantage, one of the organizational objectives, gained by the organization. The paper also discusses few HRM/D tools as a factor of CA.