Abstract
Need for this paper for identifying a new dimension beyond Human Resource Management (HRM) and Financial Management (FM), by superimposing the effect of HRM and FM. Human Resource, an asset to the organization, can appreciate with time, only when provided adequate input. Money spends in doing so is now considering as an investment, which was previously considered as expenditure. Commitment from the top management for the investment in the human development activities is increasing continuously, but still sometimes this proposal is questioned. Even till now, this proposal is subjected to the condition of the business, which is being withdrawn considering it as a cost-minimizing strategy, without considering any other factors. This paper is having its prime focus in developing a new discipline which can serve the purpose of strengthening the proposal for investment in human resource and develop a model which can quantify it.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Trade, Economics and Finance
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
