Friday, May 22, 2020

Human Resource Development China - 1082 Words

The emergence of People’s Republic of China in the last two decades has been remarkable. This paper will analyse and review the procedures which led to human resource development (HRD) in China. People’s Republic of China is the world’s most populous nation with an abundance of manpower availability. The human resources in China were under-utilized because of many reasons. Since China got independence in 1949 till late 1970’s, they followed a highly centralized economic planning system, unlike the western countries where the focus was manpower management. The primary focus of China during these years was industrialization rather than education, and they had scant attention to the development of managerial and professional skills. The situation started improving in late 1978 when China instituted major economic reforms. They recognized the importance of improving the education levels and skills to develop their human resources as they were motivated to refo rm and develop their economy. The reforms brought a greater impact to many areas of management, such as deregulation of the employment system by replacing the labour allocation system and opening up the labour market. China introduced motivation and competition mechanisms in their employment system like a market economy corresponding to the reduction of lifetime employment and guaranteed wages (Cherrie, 1995). This way the market orientation system greatly improved efficiency of resource allocations, and released theShow MoreRelatedThe Development of Human Resource Management in China2101 Words   |  9 PagesIntroduction HRM is short for Human Resource Management and identified as a new managerial science. HRM is originally invented by western academicians. Its history is not long and it has become more and more popular in the recent years. 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