New dimension of human resource management in hyperactive business environment Dr. Rajpara Yashasvi R.*, Prof. (Dr) Bhatt Sandip K.** *Faculty, Department of Commerce & Accountancy, SGM (Eng. Med.) College of Commerce & Management (SEMCOM), Affiliated to Sardar Patel University, Vallabh Vidyanagar, Gujarat-388120 **Department Co. UGC-SAP Programme, P.G. Department of Business Studies, Sardar Patel University, Vallabh Vidyanagar, Gujarat-388120 Online published on 4 July, 2012. Abstract The HRM has played an important role in the development of people. The scenario of HRM is changing day-by-day and human needs within the organization as individuals and in groups is also changing significantly. Their roles, requirements and responsibilities continue to translate into new forms. In these circumstances, the human resource function plays a very important and strategic role as they have staff authority over the line managers in an organisation. A changing business environment can influence the outcome of current operations, stakeholders and corporate strategy as a whole. The function of viewing and integrating business opportunities, stimulating employees, developing employee strengths and creating functional teams help the company's vision and translates this concern into profit. HR strategy is no longer a distinct process from the business strategy and its processes. Business strategies require specific business capabilities within an organization. Michael Porter and C.K. Prahalad have defined HR perspective as a core competency of an organization. For fulfilment of the core competence of an organization the capabilities of people need to be explored because these capabilities represent the performance and growth capabilities of an organization. The requirements of the people determine the HR strategy, which is reflected through the management practices of the organization. Today a definite model of the HR function no longer exists. Every organization is unique and one organization's model may not work for another. It is based on the size, structure, industry philosophy and the nature of the business. Top |