“Sustainable Human Resource Management Practices: A case study on Startech Ltd.”

Abstract

This report is based on Sustainable Practices in Human Resource Management. Human Resource Management (HRM) is the combination of the activities regarding effective utilization of Human Resources of an organization. This process includes systematic recruiting, selecting, inducting, and orienting employees subsequently imparting training and development. Just as assessing the performance, in view of this determining compensation and giving advantages, inspiring and keeping up great connection with representatives and worker's guilds. It also includes employees‟ safety, welfare and health measurement in compliance with labor laws. Sustainable Human Resource Management (S-HRM) is an approach of gaining competitive advantages in this today‟s highly competitive situation. Sustainability in Human Resource Management presents the balanced situation of Resource Consumption and Resource Reproduction [1]. HRM practice is an important factor for determining the organizations success. Where sustainability in HRM creates a better management system by reducing negative impact on employees society and business environment. A balanced situation created by practicing sustainable HRM leads to tremendous organizational growth and prosperity. S-HRM focuses on financial, social, human and environmental factors. Balancing all factors through systematic approaches and practices the key objective of S-HRM. This study would guide the present and future HRM practitioners to create well balanced system in practicing Human Resource Management. It also helps in systematic management that creates a stable condition in management system. S-HRM is a process that utilizes opportunities from the internal and external business environment for effective utilization of human resources. This current study is an attempt to create a framework for the study of the effectiveness of the application of S-HRM.