Pdf social economic development and the human resources. Human resources contribution to economic growth ideasrepec. There is need to have a mechanism to integrate sd issues in social, economic and environment pillars. In fact, present day perception frequently limits human resource management hrm and human resource development hrd to recruitment, compensation, and legalities of managing a workforce haslinda, 2009. Human resource development hrd is a profession and an area of academic study in. Human resource development edinburgh business school. There have been many attempts to determine the role of human capital in the process of economic growth, including growth accounting and the measurement of social and private returns to investment in education. The graduate center, the city university of new york established in 1961, the graduate center of the city university of new york cuny is devoted primarily to doctoral studies and awards most of cunys doctoral degrees.
The strategic role of human resources development in the. The more the hrd, the more socioeconomic developmentnational security and viceversa. Participation and choice are key elements in this view of human resource development. As for example,the countries like japan,singapore,germany,and hon kong have. Human resource development hrd, education expenditure, economic growth suggested citation. Human resource development hrd is the framework for helping employees develop their personal and organizational skills, knowledge, and abilities. The strategy is being updated to reflect the medium term strategic framework and the structure of the new administration 2009. Human resoruces development in ethiopia aseffa abreha june 2016 in a ginbot 20 celebrations speech on 28 may, 2016, prime minister hailemariam desalegn of. Human resource development is bothspecific and careerspecific.
The most valuable resource that every human being has is his own person. Human resource development strategy for south africa hrd. Yang, weihsein, human resource as the key factor of economic development 1967. Social economic development and the human resources. Human resource as the key factor of economic development. Human resource development includes training a person after he or she is first hired, providing opportunities to learn new skills, distributing resources that are beneficial for the employees tasks, and any other developmental activities. People, in terms of experience, talent, knowledge, skills.
General considerations regarding the strategic human resources development in the context of economic crisis, when organizations go through turmoil and changes at different levels, the strategic human resource development dsru may provide a useful conceptual framework for the organizations management leadership teams in order to. The paper aims to highlight the role of human resources on economic development. Economics of human resources graduate center, cuny. This course is designed to provide a complete, integrated introduction to the process, practices and perspectives of this important area of people management. Materials may include house, landed property, motor vehicle, jewellery etc. A contemporary perspective kipkemboi jacob rotich1, moi university, school of human resource development, department of development studies, p. The human resource management is divided into two broad categories of activities. Investment in the human resource determines the type, quality, availability and productivity of the nations manpower.
Human resource development is the integrated use of training, organization, and career development efforts to improve individual, group and organizational effectiveness. No mater how advance is the technology in the present globalized era but again there is a dire needs of working hands. This process is experimental and the keywords may be updated as the learning algorithm improves. Human resource development edinburgh business school x course rationale human resource development hrd at work is now a prominent and central part of human resource management hrm. Human resource development is the part of human resource management that specifically deals with training and development of the employees in the organization. Pdf the role of hrd in economic development researchgate. As opined by adam smith the prosperity of a country is determined by the skill,efficiency and attitude of the labour used by that country. Human resource development in india notes 285 human development geography 28 human development whenever, we think about development, we normally tend to think about the material and economic development. Human resource development is a fundamental part of what makes an employee successful as an individual and what makes an organization successful as a whole. A longstanding commitment to education and health has been key to economic growth and development in countries worldwide, and it is in this field that ghana will need to make the biggest. An internationally recognized center for advanced studies and a national model for public doctoral education, the graduate center offers more than thirty doctoral programs in. Human resource development according to martin 2009, economic development depicts the income level development of the peoples whereas human resource development outlines development of the skills, knowledge and capability of the peoples.
Published by european centre for research training and development uk. Human resource development and the future challenges. The impact of human resource development on economic. For example, human rights and human security, voice and autonomy, collective capabilities and the interdependence of choices are key for the human development of those currently left out. Wilson, geoff briscoe empirical analysis of human capital development and economic growth in european regions hiro izushi, robert huggins nonmaterial benefits of education, training and skills at a macro level andy green, john preston, lars erik malmberg. The more competentskilled the human resource, the more socioeconomic development. Human capital theorists postulated that the most efficient path to national development lies in the improvement of human capital through education. This debate has broadened the definitions and goals of development but still needs to define the important interrelations between human development hd and economic growth eg. Social and economic impact of child undernutrition in egypt, ethiopia, swaziland and uganda was launched in march 2014. The human resource management is the set of policies and practices that an organization puts in place to have a knowledgeable staff. Hrd is one of the most significant opportunities that employees seek when they consider you as an employer. Although there is a consensus that strategic human resource development shrd can play an important role within organisations, the ways in which it is operationalised during periods of business and economic uncertainty and complexity remains.
The contribution of human resources to development 1. This was a project led by the african union commission auc. However, education has been an instrument toward the development of human resources in. Mainly the strategy covers various employee welfare activities that are adopted by the organizations. Human resources are a countrys wealth, and it is people, not machines or money, that make economies grow. Suggested citation daisi, olusegun richard, the impact of human resource development on economic growth in nigeria. Human resource development human resource development hrd policies concern the quality of the labour force and the regulation of the labour market. The financial reward obtained from participation in production activity is the main way that individuals are able to participate in.
Regional variations in human development performance 28 3. Key words human development, economic growth, income distribution, poverty, health, education 1. Human resources development is fundamental to the development pro cess, contributing to poverty eradication and longterm economic growth through improved health, education, and human capacity. Human resource development for economic growth economics. Northeast india, despite having plenty of natural resources fails to accelerate the economic growth of the region.
The ability, and encouragement, to continue to develop their skills help you to retain and. Strategic hrd practices as key factors in organizational. Bates encyclopedia of life support systems eolss the national strategy to foster sustainable economic development. Introduction human development has recently been advanced as the ultimate objective of human activity in place of economic growth. Economic growth and human resources english abstract.
This study investigates the nature and changes of human resource development hrd in two greek banks under the challenging context of the economic crisis. Human resources is called human resource development and refers to teaching managers and professionals the skills needed for both present and future jobs or can be defined as a step taken by the organization to foster learning among employees. Zidan in describing the role of hrd in economic development. Human resource development has multiple dimensions, covering. Many countries have been able to develop themselves due to the will,capacity and skill of their human resources. Economic growth human capital technical education human resource development universal primary education these keywords were added by machine and not by the authors. Quality in turn is a function of basic and higher education, training programmes and the overall health of the population. The nature of capital, especially human resource capital 3. They also contended that the two preconditions for economic growth and development in any nation were investment in education and improvement in technology. It involves the socioeconomic development strategies european commission, 2007.
Cole, in his book personnel and human resource management, its stated that training is one of the. The role of hrd in economic development wiley online library. Economic growth and human resources english world bank. Economic development includes the development of human capital, improving standards of living, development of buildings and infrastructure, economic growth as measured by gdp, increase in international trade, environmental health, improving health, public safety, social justice, life expectancy, literacy, etc. Human resource is an important factors of economic development. In the peoplecentered role, hrd is seen as the primary tool to more directly address the needs of the. In this paper i will focus on the idea that effective training will definitely lead to human resource development in public sector, especially in enhancing the capacity and performance of civil service personnel in myanmar, thereby contributing to the economic growth of the country.
1370 1056 1151 913 959 783 440 593 253 1284 1119 419 29 1369 820 32 1164 85 534 1111 127 1169 791 708 240 1200 1175 1262 1241 1338 414 1056 48 11