ROLE AND RELEVANCE OF HUMAN RESOURCES MANAGEMENT IN CONTEMPORARY PROFIT-CENTRIC ERA

Mujtaba M. Momin

Abstract


With ‘bottom-line’ and profits emerging as top priorities, the function of Human Resource Management is being expected to deliver value like never before. Contemporary Businesses and corporations are desperately exploring ways to cut costs and maximize value gained from every function. This Paper deals with the various challenges that the function of HRM is faced with in an increasingly profit-centric era. The major HRM challenges that distinctly stick out during financially challenging times are listed and briefly explained in this paper. In addition to that, the author has also suggested ways and means in which the function of HRM can add value and make a real business contribution.

Keywords


HRM value addition, Profitability of HRM, Relevance of HRM, Impact of HRM on business performance etc..

Full Text:

PDF

References


Atiyyah, H.S. (1996) ‘Expatriate Acculturation in Arab Gulf Countries’, Journal of Management Development, 15 (5), 37-47

Chesbrough, H. (2006). Open business models: how to thrive in the new innovation landscape. Boston: Harvard Business School Press.

Momin, M. M., Ph.D. (2014). Executive Human Resource Management: Concepts & Perspectives. New Delhi: Research India Publications.

Momin, M. M., Ph.D. (2016). Training & Development: Concepts & Perspectives: A comprehensive textbook for Students & HR Professionals (I ed., Vol. I,I). Create Space/Amazon.

Robinson, D., Hooker, H., & Mercer, M. (2008). Human capital measurement: approaches, issues and case studies. Brighton: Institute for Employment Studies.

Wise, D. A. (2011). Explorations in the economics of aging. Chicago: University of Chicago Press

Gallup – The Right Culture: Not About Employee Happiness ... (n.d.). Retrieved January 1, 2018, from https://wwwbespacific.com/cr

Wingfield, B. (n.d.). ‘Retaining Your Employees: Using Respect, Recognition, and Rewards for Positive Results

Jahangir, N., Akbar, M., and Haq, M. 2004. Organizational Citizenship Behaviors: I ts Nature and antecedents, BRAC University Journal, Vol I, No. 2, pp. 7585.




DOI: http://dx.doi.org/10.25139/sng.v8i1.736

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

INDEXED BY :


OFFICE :

Program Studi Magister Management

Economic and Business Faculty
Universitas DR Soetomo Surabaya
Semolowaru No. 84
SURABAYA, Jawa Timur
Phone. (031) 5926116/Fax (031) 59338935
E-mail: sinergi@unitomo.ac.id

Situs Jurnal : http://ejournal.unitomo.ac.id/index.php/feb/index

Creative Commons License
SINERGI is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

free
	web stats View My Stats