A comprehensive text with six parts and twenty one chapters, it deals with the latest concepts in human resource management. The blend of theory and practice makes it a useful text for students pursuing MBA, MBE, M Com, MSW, CA, CWA, PGDM, Diploma in Personnel Management and Industrial Relations, BBA, BBE, B Tech and other courses in HRM and HRD. Part one begins with screening the environment in which companies work and manage human resource in different cultural, social, psychological, political, legal, economic and ecological setups. Management philosophy, organisational issues and the role of HR managers are also elaborated in this part. Theories developed by social scientists and management gurus to understand human nature, emotional and social intelligence, personality, motivation, communication, leadership, change and conflict management are discussed in part two. The roles and responsibilities of HR managers in manpower planning and policy formulation, analysing, evaluating and enriching jobs, recruiting right type of people, training and developing, appraising performance, administering incentives and compensation schemes are elaborated in part three. Wage theories, trade unionism, collective bargaining and other methods of settling disputes, social security, working conditions and labour laws, employee participation in management including stock option plans are discussed in part four. Technology, an important variable affecting labour productivity, is discussed in part five. The challenges emanating from privatisation and globalisation such as outsourcing, downsizing and restructuring, employee empowerment and cross-cultural issues in managing MNCs and TNCs are the subject matter of part six. Perspectives in different chapters highlight some of the best HR management practices in reputed organisations. A situation analysis at the end of each chapter gives further exposure to the reader allowing him to apply his knowledge and enhance problem-solving skills. The book would also be helpful for the practicing managers in refreshing their knowledge and sharpening HR management skills.