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This is the valid view for development and purpose of HRM.
Economy in which the business operates does seem to have a very big difference on how HRM operates. In very competitive economy as that of the U.S.A. and Japan where due to high competition efficient labor become very scared, so HRM operates as a department who works for the welfare of employees to keep them motivated and satisfied to reach the organization goal. In this kind of economy, as the competition would be very high, employers would try to find the competitive advantage in the efficiency of his employees. HRM is developed to make sure that advantage is derived...
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