Author(s): Abu Saleh Md. Sohel-Uz-Zaman, Ahmed Imran Kabir, Abu Rashed Osman, Mohammad Behroz Jalil
As the business backdrop is becoming more complex and uncertain the role of human resource is gradually increasing to making organization successful. Traditionally human resource management is involved in effective management of people in an organization. In the dynamic business context there is a growing demand to aligning human effort in line of the firm’s objectives. In this connection, various concepts and approaches like strategic human resource management (SHRM), human capital management (HCM) and talent management (TM) have emerged in human resource management. Regarding the nature, scope and application these is a great degree of obscureness since there are overlapping in the definitions of these concepts and the common theme of these concepts achieving organizational goal through people. For these HR practitioners, HR managers, business strategists are facing problem in applying these concepts confidently. Moreover, there is another query whether these concepts are mutually exclusive or inclusive. Therefore, the main purpose this paper is to examine the nature, scope and relevance of strategic human resource management (SHRM), human capital management (HCM) and talent management (TM) in an organization setting. This paper is the outcome of extensive literature review and expert interview. It is presumed that this paper would be able to articulate the functional nature, scope and relevance and application of these concepts by eliminating gray areas in these concepts. The findings of this paper, would give a clear direction to the use of these notions in the organizational context.