Shuko

                                                      UNIVERSITY OF LUSAKA
                                                        SCHOOL OF BUSINESS
                                          DEPARTMENT OF HUMAN RESOURCE

NAME:                         SHUKO CHIPIMO
COURSE CODE:         HRM 220
LECTURER:               MRS. SYLVIA ATOKO
TASK:                         ASSIGNMENT ONE

In today’s tumultuous times, the challenges that companies face to remain competitive have changed rapidly. With constant new breakthrough in technology, companies fight hard with its competitors to establish and maintain their competitive advantage. However, access to capital & technology has become less critical in today’s economy as compared to acquiring and keeping skilled workers. In a knowledge-based economy, it is important for companies to be more strategic in the way it operates. Human Resource Management today has to be strategic to meet the business needs of the company. At the same time, it cannot lose sight of the critical value and importance of people in making these strategies a reality. With that in mind, there is a need now to look at HRM from a different perspective so that it can contribute to the achievement of the company aim and objectives.
According to Michael Armstrong (2006), Human resource management is defined as a strategic and coherent approach to the management of an organization’s most valued assets – the people working there who individually and collectively contributes to the achievement of its objectives.
In the words of Edwin B. Flippo (2007), Human Resource Management is- “the planning, organization, directing and controlling of the procurement, development, compensation, integration, maintenance and reproduction of human resources to the end that individual, organizational and societal objectives are accomplished”.
The first goal is to effectively make use of the talents and abilities of employees to achieve the operational objectives that are...