Introduction With Globalization integrating economic, political, and cultural systems worldwide, technology advancing at a rate that is almost impossible to keep up with and changing workforce demographics, Human Resource Management (HRM) is in a state of evolution. Definition of Human Resource Management Human resource management (HRM), as defined by Bratton, J. & Gold, J. (2003), is
“A strategic approach to managing employment relations which emphasizes that leveraging people’s capabilities is critical to achieving sustainable competitive advantage, this being achieved through a distinctive set of integrated employment policies, programmes and practices.” Importance of Human Resource Management Researchers indicate that the competency levels of HR managers in high performing firms are significantly higher than those of HR managers in low performing firms. (Stone 2005:9-10). An organization is a compilation of people. The life of the organization is its employees and thus, the management of these employees in an effective manner becomes exceedingly important for an organization. By managing human resources effectively and efficiently, employees will be satisfied and motivated thus enabling them to perform their duties to the best of their abilities. It will also help an organization to improve its performance and increase success. Effective human resource management encourage talent retention by making employees work meaningful and providing them with career satisfaction. _The Baring family lost its bank because the management over-empowered one individual, Nick Leeson_ -John Micklethwait in The Witch Doctors (1996) The implementation of HRM in an organization enables employees to develop their personal ...