Abstract
India is on the threshold of major reforms and is poised to become the third largest economy of the world by 2030. India is a large country and has vast potential to become a strong and modern nation with its huge natural resources and sizeable population. Since independence, the nation is able to create facilities for manufacturing products and services. For the development of the nation several sectors need to be developed. For achieving the growth in services and manufacturing sector, one factor which can help a lot is Human Resource management and their continuous development. The service sector forms a backbone of social and economic development of a country. It has emerged as the largest and fastest-growing sectors in the world economy, making higher contributions to the global output and employment. Its growth rate has been higher than that of agriculture and manufacturing sectors. Where the manufacturing sector has emerged as one of the high growth sectors in India. A closer look at the trends in development in these sectors is managing people in ever changing manufacturing and services sectors. The success of an organization largely depends on its Human Resource. Human Resource Management plays a vital role in achieving the organizational objectives. Quality human resources have become an important base with which to respond to the emerging environment in services and manufacturing sector. The knowledge workforce in particular has a vital role to play in the emergence of this sector. The present paper is an humble attempt to look into the need and how the human resource is management in service and manufacturing sector.
Highlights
India is on the threshold of major reforms and is poised to become the third largest economy of the world by 2030
Human resource management is an organizational function that deals with the people and issues related to people such as compensation, hiring, performance management, and training
Human resource management is vital to the organization
Summary
India is on the threshold of major reforms and is poised to become the third largest economy of the world by 2030. For achieving the growth in services and manufacturing sector, one factor which can help a lot is Human Resource management and their continuous development. The service sector forms a backbone of social and economic development of a country It has emerged as the largest and fastest-growing sectors in the world economy, making higher contributions to the global output and employment. Human Resource Management plays a vital role in achieving the organizational objectives. Quality human resources have become an important base with which to respond to the emerging environment in services and manufacturing sector. The present paper is an humble attempt to look into the need and how the human resource is management in service and manufacturing sector. Human resource management aims at obtaining capable people for achieving the objectives of the organization and for ensuring effective utilization of their services. Of them human resource practices play a significant role in shaping, influencing and enhancing the morale, motivation, capability, commitment and performance of the employees. [2]
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