principles of human resource management notes-makerere university business school 2008

Description

During the last decade, there has been considerable interest and awareness of the importance of employees as a source of a company‟s competitive advantage. It is therefore, important for organizations to adopt HRM practices that make the best use of their employees. For a number of years scholars have argued that the human resource management (HRM) practices aimed at acquisition, development and motivation of firm employees help produce human assets that are valuable, rare, non substitutable, and difficult to imitate, hence providing a source of competitive advantage. A range of empirical studies carried out in different countries have shown a positive relationship between the extensive use of high-performance HRM practices and organizational performance. That is why every manager, regardless of his functional area or level in the organizational structures should have the basics in people management. Makerere University Business School has been the champions in pursuit of this cause of manager development, by giving an opportunity to every student on a program in the school acquire basics in people management skills.