HUMAN RESOURCE MANAGEMENT -AN INSIGHT

EVOLUTION OF HRM

4th century BC-Kautilyas Arthashastra

National Institute of Labour Management (NILM)

1800 BC-Babylonian code of Hammurabi

Second World War National Institute of Personnel Management

Industrial Revolution First World War Formation of Trade Unions

Human Resource Management Human Capital Management

Indian Institute of Personnel

Management (IIPM)

Divided into 15 books. Sound base of systematic management.

Babylonian Code of Hammurabi

INDUSTRIAL REVOLUTION

First World War (1914 onwards) and Formation of Trade Unions

Hawthorne Studies

Fayols 14 principles

F.W Taylors Scientific Management

Indian Institute of Personnel Management (IIPM)

National Institute of Labour Management (NILM)

Human Resource Management

Human Capital Management

EVOLUTION OF HRM IN INDIA

PERIOD DEVELOPMENT STATUS Beginning OUTLOOK EMPHASIS STATUS

1920s-1930s

Pragmatism of capitalists Technical, Legalistic Professional, legalistic, impersonal

Statutory, welfare, paternalism

Clerical

1940s-1960s

Struggling for recognition Achieving sophistication

Introduction of Administrative techniques Regulatory, conforming, imposition of standards on other functions Human values, productivity through people Managerial

1970s-1980s

1990s

Promising

Philosophical

Executive

CURRENT

Human Capital Management

Take our 20 best people away, and I will tell you

that Microsoft would become an unimportant

company -Bill Gates, CEO of Microsoft in Fortune, November 25th, 1996

If an institution wants to be adaptive, it has to let go of some control and trust that people will work on

the right things in the right way

-Robert B. Shapiro, CEO of chemical company Monsanto in Harvard Business Review, Jan-Feb 1997

Always recognize that human individuals are ends,

and do not use them as means to your end

-Immanuel Kant 1724-1804, German philosopher

The only vital value an enterprise has is the

experience, skills, innovativeness and insights of its people

-Leif Edvinsson, Swedish Intellectual Capital guru

in Corporate Longitude (2002)