| Market realities and sustainable competitive | | | | the individuals. The main responsibility of HRM lies on |
| advantages are not the basis for success for | | | | managing the psychology of individual as well as |
| successful organizations. For the success of an | | | | groups for achieving the organizational perspectives. |
| organization there are many factors that entangled | | | | Human Resources Management functions establishes |
| with the organizational behavior and infrastructure. One | | | | healthy link between organization and employees. In |
| of the important factor is human capital. Many | | | | the process of achieving organizational goals, HRM |
| companies believe their treasure is actually their human | | | | plays an important role in attracting, retaining and |
| capital and it is the most important asset for them. The | | | | developing employees. The mandatory requirement for |
| quantitative elements of a successful management | | | | a company is to know their employee's needs first. |
| generally include facts and figures. But if we speak | | | | The company should analyze and understand these |
| about the qualitative aspects of the psychological | | | | needs. Fulfilling these needs by the company can result |
| result of perception and learning and reasoning will | | | | in productive employee involvement in achieving |
| actually result either to make or break an organization. | | | | organizational goals. Employees will never feel the job |
| Managing employees to contribute for the | | | | is a routine responsibility instead they feel it as a part |
| achievement of the strategic targets of the | | | | of their personal life. These are various company's |
| organization either individually or collectively is called | | | | responsibilities towards employees in which HRM got |
| Human Resources Management (HRM). It is common | | | | crucial application on behalf of organization for assisting |
| that all employees in an organization are having their | | | | the company in creating loyal and motivated |
| own perceptions, their own mental maps and own | | | | employees who can offer their best to the |
| goals and there exists differences in personalities of | | | | organization. |