The New Labor Law Today Human Resource Management Evaluation
2008, the new “Labour Law” enacted, human resources management has risen to keep pace with the business location. Especially in the current Financial Market turmoil, the world’s economic malaise in the background, human resources management and business has even been carried to an unprecedented level.
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Understanding the Definition of “Law”
Law defined by the Webster dictionary is a ‘binding custom or practice of a community’. It is ‘a rule of conduct or action prescribed or formally recognized as binding or enforced by a controlling authority’. Each land has its own law but the sole purpose of law is to integrate people and ensure a cohesive bond amongst different strata of the society. Breaking law, thus, is synonymous to threatening the integrity of the land.
From the ages of lawless lands of jungle where nature ruled man’s lives to the modern-day courts – the journey of law, irrespective of its land of practice, is as rich and enduring as the journey of the mankind. Just as mankind is still growing, progressing and breaking new boundaries, the law that binds the mankind is also evolving continuously. Old rules are challenged; new laws are born ensuring the well-being of the land and the people who live off and on it.