have taken place in the global social and economic environment. During the Agricultural Age, the basis for development was land and natural resources. During the Industrial Age, the basis for development was capital and machinery. During the Information Age, the basis for development is knowledge. It is said that the time of knowledge economy has arrived. Knowledge becomes a must for the development, or even the existence of all the companies. It comes to be an important course for the enterprises facing the new economic situations to learn how to manage and make full use of the human resource they contains. The advent of knowledge economy requires companies to form a new concept of HR, that is, the human- oriented concept. They must respect the talented people in order to value knowledge. Great efforts are still needed in HRM and HRD (human resource development). It is not hard to find that the successful MNCs (multinational corporations) unexceptionally have a modern strategic HRM system. The NO.1 cosmetic manufacturer Mary Kay in America is a good example in point. Its slogan " Working here makes you more beautiful than cosmetics do." reflects much about the HRM of the company .Now, some students in our department in the University of Foreign Studies in China, like our monitor Miss Lulu, are working part-time devotedly for Mary Kay. They all sing high praise of the HRM of the company and they all hold the opinion that working for Mary Kay is a win-win agreement. You can imagine how successful the HRM of Mary Kay is. As the competition in the future is the competition of the capability of absorbing elite, who will come together with the knowledge a company need, HRM can't be neglected. HRM has been introduced to China for almost 20 years, but it is hardly applied in SOE's. The current reform of SOE's is a systematic project, in which two main parts are concerned: 1) the external environment in which SOE's exists; 2) The internal ...
