An organization’s objectives can only be achieved via its people. Managing the human resource of an organisation requires the appreciation of key issues such as diversity (issues related to race, gender, culture and age), newly emerging international markets for labour forces, etc. As a result, leaders and managers with the knowledge and skills to effectively manage the acquisition and development of people are highly sought-after within all types of organizations in the 21st Century. Managing people is one of the most crucial activities within an organisation especially in the “knowledge based” and globalised economic environment of the 21st Century. Human Resource Management is not a specialist function any longer and it has become integral part of the overall strategy of all types of private, public and not-for-profit organizations.