This text, which has been well received by students of management and appreciated by academics for its contemporary approach to human resource management, continues to provide incisive insights and indepth analysis of HRM in its many splendoured aspects. This fully revised and thoroughly updated Third Edition takes into account the new developments and modern trends in HRM. Divided into seven parts, the book begins with an introduction to the subject, and then it goes on to give a detailed description of the key functions of HRM - acquisition, development, motivation, and maintenance of human resources. Throughout, the book stresses that people are at the centre of an organization and managing people is a vital function of the organization, thus enabling HR to play a strategic role in attaining the business goals of the organization. The inclusion of important research findings on various global issues and Indian cases reflecting real-life scenarios make the book valuable for the reader. WHAT'S NEW TO THIS EDITION - Contains a new chapter on Organizational Analysis and Transformation, with a comprehensive coverage of the various theories of organizational change and OD intervention techniques. - Focusses attention on HRM for Corporate Excellence, Knowledge Creation and Management, and OD. - Gives expanded coverage of, and new thrust on, Labour Relations, with increased emphasis on the relevant Indian Labour Laws. Intended primarily for postgraduate students of management and those specializing in HRM, the book would prove equally useful for the practicing managers and management educators