Professional Documents
Culture Documents
Evolution of HRM
Evolution of HRM
COMODITY CONCEPT
Workers were considered
FACTORS OF PRODUCTION
Scientific methods of
production, scientific
selection, training of
workers, and
compensating them
handsomely for
achieving output
standards
GOODWILL CONCEPT
Welfare measures like
PATERNALISTIC CONCEPT
Management assumed
a fatherly and
protective attitudes
towards employees
The approach of
management was as if
they offering a favour
rather than giving as
rights
source: Prof. Happy Paul slides.
H.R CONCEPT
Considers human
resources as an asset
for a sustainable
competitive advantage
Conscious effort to
realize organizational
goals by satisfying
needs and aspirations
of employees
Source :Prof. Happy Paul slides.
EMERGING CONCEPT
Today's workforce
considers themselves
as partners in industry.
Employee
empowerment practices
like stock option plans,
profit sharing plans and
more autonomy and
challenging
responsibilities for
workforce.
source: Prof. Happy Paul slides.
a
h
T
k
n
o
y
!
!