Human Resources Management in the 21st Century

Abstract

The National Institute of Personal Management (NIPM) of India has defined human resources – personal management
as “that part of management which is concerned with people at work and with their relationship within an enterprise. Its aim is to
bring together and develop into an effective organization of the men and women who make up enterprise and having regard for
the wellbeing of the individuals and of working groups, to enable them to make their best contribution to its success”. The basic
objective of human resource management is to contribute to the realization of the organizational goals. Awareness regarding
Human Resource Management was felt during the industrial revolution around 1850 in Western Europe and U.S.A. Only during
the beginning of 20th century, it was felt in India. Organizations come across too many challenges or uncertainties about human
resource of 21st century including globalization, advent of the latest technology use, more and more innovations, economic and
political instability and ethical and ecological challenges. Hence the main objective of this paper is to focus on Human Resources
Management in the 21st Century.