The factors, which lead to the development of HRM as a concept, replacing the traditional concept of labour welfare and personnel management, are as follows: 1. Search for Competitive Advantage: The Competitive Advantage School of Thought, pioneered by M.B. Beer and others in 1984 and N.M. Tichy, C. Fombrun and M.A. Devenna in 1984, argued […]
5 Main factors which influence the Development of HRM
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What is the Difference between HRM and Personal Management?
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HRM is a distinctive approach. There are different ways by which it is possible to distinguish HRM from traditional personnel management. These are given in the following: 1. The first approach is by simple retitling of Personnel Management, as many companies did by renaming their Personnel Department as HR Department. (more…)