Alternative Approaches and Strategies of Human Resource Development

Human Resource is the productive power in human beings and unlike the material resources; human resources are the participants as also the beneficiaries of economic development process. On the demand side goods and services produced are used by the human beings to improve health, enhance general educational levels, alleviate poverty and on the supply side, human resources and capital form essential ingredients of production system, which transforms natural and physical resource into goods and services. Human resource in an organization can be compared to a football team having a productive capacity and an earning power more than the cost. Of course, human resources value can depreciate through illness, incapacity and obsolescence. But a well skilled and trained human resource will be more productive and can earn more.