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Human resource management in a broad sense may be defined as the utilization of the human assets of an organization with a view to achieving organizational objectives. The specific Human resources courses of action a company pursues in order to achieve its goals and objectives are vital to overall success. As such, the Human Resource process and implemented strategies can and must play a critical role in the development and implementation of the business strategy of any organization. An effective Human Resource management system will achieve the following outcomes: Ð An effective and streamlined cost administration system, which would encompass a resulting reduction in personnel management, costs with minimal negative effects on employee competency. In essence companies with active and effectual Human Resource strategies that are in alignment with the overall strategic objectives of the business should achieve dynamic cost leadership strategies in comparison with others companies in their global and or national arenas. Ð Differentiation in