History of Human Resource Management: It’s Importance in Adding Value to Organizational Success in Gaining Competitive Advantage

Abstract

Human Resources are the most important factor in attaining highest levels of organizational success by gaining competitive advantage in today’s diverse business world. In order to understand the concept of Human Recourse Management entirely, researchers enlightened different phases/Origins of HRM.  Researchers attempt to find out the importance of human resource management in Organizational culture by discussing the roles of Human Recourse Management and its diversity by elaborating the different types of HRM practices implemented in the organizations and their particular impact on the organizational performance. Researchers conclude authentically after discussing deeply about the HRM concept that the proper n effective application of HRM in Organizations results in organizational success by attaining competitive advantage.

Keywords: Organizational Success, Competitive Advantage, HRM, Strategic HRM, Human Capital, Physical Capital.