HRM- A Literature Survey

Abstract

There is an ongoing debate in research over the source of organisational competitive advantage. Researchers and business leaders have looked for it in both external and internal environments of business .However, given such challenges of the globalization, day in and day out innovation, usage of internet platform to increase business, selection and recruitment , training and development to name a few and then again, attract and retain high performing workforce. and the fact that the traditional sources of competitive advantage (e.g. natural resources ,access to financial resources ,economies of scale etc )no longer suffice ,growing relevance has recently been attributed by both researchers and practitioners to human resources and their management. Researchers have argued that human resources may be seen as a source of sustained competitive advantage for organizations. The underlying assumption is that human resources are unique to the extent that competitors cannot imitate them. This paper seeks to identify human resource management practices that contribute to company performance across different organizations .The paper also seeks to identify the tools necessary to handle the current challenges faced by organizations in the current scenario.