It may appear as a contradiction but change is the constant factor that keeps an organization vibrant and alive to changing circumstances. With any and every change there is an effect on the employees. The change may be small requiring adjustments or it may be big requiring change management solutions. In all cases, the HRD has to keep itself ready to move with time and arrange training or retraining of employees in tune with requirements. It has also been understood that employees need the motivation to perform their tasks. Earlier compensation was considered to be the sole motive and the pay packet was the barometer of success and status.
But now the environment, the ambiance, and result-oriented rewards have become important attributes to hold back the employees. Attrition rates, especially in service-oriented companies, are alarmingly high. To stem this flow employees have to be offered surety as well as satisfaction. These are the new requirements of the day. 4. Literature ReviewPeople management has always fascinated everyone and various theories have been expounded to explain how people act and react in situations. The primary image of an organization is akin to family, clan or tribe where relationships, needs, feelings, and skills are the characteristics of its members.
The objectives are empowerment, liberation, fulfillment and self-actualization of both the individual and the group and the challenge are how to develop an attitude to achieve this goal. There are three assumptions to all HR theories. Organizations serve human needs. People and organization need each other for this service. It is critical that people and the organization are in complete harmony to fulfill this purpose.
serve human needs as they provide rewards for work and there is an intrinsic satisfaction of being useful. In turn, the Organizations need people as they provide them with the human capital required for getting the work done. Besides the skill, the workers bring along add on value to the other capital employed by the organizations for producing their goods and service for profit. It follows then that both the Organization and People need each other.
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