3. The commodity concept
The Factor of Production (Fop) concept
The Goodwill concept
The Paternalistic concept
The Humanitarian/Human Relations concept
The Human Resource/Modern concept
The Emerging concept
source: Prof. Happy Paul slides.
4. • Workers were
considered as a
commodity like any other
factor of production
which can be bought.
• The working conditions
were worst, workers
worked from dawn to
dusk under unhygienic,
unsafe working
conditions for low wages
source: Prof. Happy Paul slides.
5. • Scientific methods of
production, scientific
selection, training of
workers, and
compensating them
handsomely for
achieving output
standards
Source: Prof. Happy Paul slides.
6. • Welfare measures like
safety, first aid, lunch
room, rest room were
provided to have a
positive impact on
worker’s productivity
source: Prof. Happy Paul slides.
7. • Management assumed
a fatherly and
protective attitudes
towards employees
• The approach of
management was as if
they offering a favour
rather than giving as
rights
source: Prof. Happy Paul slides.
8. • Considers human
resources as an asset
for a sustainable
competitive advantage
• Conscious effort to
realize organizational
goals by satisfying
needs and aspirations
of employees
Source :Prof. Happy Paul slides.
9. • Today's workforce
considers themselves as
partners in industry.
• Employee empowerment
practices like stock
option plans, profit
sharing plans and more
autonomy and
challenging
responsibilities for
workforce.
source: Prof. Happy Paul slides.