Globalisation, Human Resource Development and Public Sector Reform

Globalisation has shifted the levels of standards and expectations in various aspects of life, including that of human resources. Academic and training institutions have to produce a populace with the relevant knowledge, values, skills and experience that would enable them to compete with other individuals in the global market. The public service system is not spared from the competition, as it must likewise be able to provide packages and compensation that would appeal to eligible and competent individuals, providing room for career options and professional growth, highlighting the value of working with government, supported with a fair and consistent performance evaluation mechanism and a realistic compensation scheme. Human resource development is the process of skills development within work organisations, in order to suit overall organisational strategic objectives. It represents a considerably more bottom line driven approach to skills development than traditional organisational training initiatives (Coetzee, 2001:526).

There is widespread consensus amongst politician and commentators both within developing and developed countries that training and development should be encouraged. Human resource development represents training and development specifically geared to the bottom line to developing skills aimed at ensuring the survival and growth of individual work organisations. A government that does not take a proactive stance in facilitating such training and development initiatives will find itself lacking in skills to provide an effective and efficient service delivery.

Representative APR 391%. Average APR for this type of loans is 391%. Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

Implications of Non-payment: Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

Calculate APR