Human resources are the most important and crucial of all other resources. Human Resources Development (HRD) is a process which facilitates acquisition of skills and development of competencies of individuals for better performance in their present and future jobs. HRD is now being considered as the key to greater productivity and enhanced economic growth. Recent trends like rapid scientific and technological advancements, ever-expanding computerisation and information technology, policies of liberalisation and globalisation of economy etc. have drastically transformed the sphere of activity of business organisations and corporate houses the world over. Organisations in order to be effective and growth-oriented, must be responsive to these forces of change and challenges. HRD is getting increasingly important for organisations to develop a competitive advantage for their success and survival in the context of global changes. This book is an attempt to offer an insight on the various HRD practices and interventions and to examine the prospects and possibilities of their application to public sector undertakings and such other business houses and corporations in our country.
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