Development of human resources is essential for any organization that would like to be dynamic and growth-oriented. Unlike other resources, human resources have rather unlimited potential capabilities. The potential can be used only by creating a climate that can continuously identify, bring to surface, nurture and use the capabilities of people. Human Resource Development system aims at creating such a climate. In the ever changing liberalized market scenario and a highly competitive market economy, human resource development practices and organizational culture will provide an edge to organizations. Human Resources Managers are increasingly being expected to take the lead in organisational change activities. This paper provides an understanding of the concept of HRD and highlights the need of human resource development, the changing boundaries of HRD and the impact of human resource development practices on the increasing organizational effectiveness.
Human Resource Development, Potential Capabilities, Organizational Culture, Competitive Market, Organizational Change
