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HUMAN RESOURCE DEVELOPMENT (HRD)

BANKING FINANCE

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March 2021

HRD encompasses a humanistic concept and believes that employees who are the pillars of any organisation can do wonders provided they are involved in the job, entrusted with roles and responsibilities, should be made aware of their strength and provided with assistance to overcome their weaknesses. Employees being part and parcel of any organisation, their needs and aspiration should be aligned with the goals and mission of the organisation and only then the organisation would be successful in all domains and achieve the desired results.

- Subhransu Gupta

HUMAN RESOURCE DEVELOPMENT (HRD)

HRD believes in encouraging individuals for generating initiatives and responses by creating a culture comprising of transparency, mutual trust and belief, coordination amongst each other etc. It believes that investment in employees is pivotal and would surely provide substantial benefits to the organisation in the future. HRD aims at complete development of human resources which would bring the development of employees, organisation and to the society. It is pertinent to mention here that while drawing Balance Sheets, Organisations show employees on the debit side whereas Human Resource Development treats employees as assets and considers them on credit side.

Under holistic approach, HRD helps the employees of an organisation to enrich and refine their job knowledge related to their present role, develop their capabilities as individual, be intuitive and unearth their own latent potential for their own development as well as for the organisation and ultimately develop a culture involving team work, coordination, belongingness and ownership which would lead to wellbeing, motivation and pride of the employees.

It has been very aptly said By Sir Richard Branson, Train people well enough so they can leave. Treat them well enough so they don't have to.

Thus, merely training the employees would ultimately enrich their knowledge and open avenues for other jobs but if the employees are treated well, they would realise their belongingness to the organisation and would excel further for realisation of its goals.

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