Human Resources Development (HRD) av Dr. Rakesh Kumar Sudan

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Human beings are the heartbeat of an organization. They are the brain trust and think tanks of future strategies. Intangible assets, like human capital, decide the use of tangible and material resources innovatively to fulfil the objectives of any business entity. Human resources management (HRM) relates to formulation of strategies by business entities concerning selection, training and rewarding of their personnel. Human resources development (HRD) is concerned with the development of competencies and effectiveness of people working in an organization. The design of HRD system should strengthen corporate planning, production processes, marketing strategies, and budgeting and finance. Skills and knowledge are the driving forces of economic growth and social development for any country. Countries with higher levels of skills adjust more effectively to the challenges and opportunities in domestic and international job markets. As India moves progressively towards becoming a global knowl