The assignment content highlights the importance of Human Resource Management (HRM) practices in achieving high performance and increasing employee commitment. It emphasizes the need for organizations to focus on creating a positive work environment by considering factors such as compensation, training and development, and career prospects. HRM practices aim to design fair compensation structures based on market trends, provide equal pay for equal work, and facilitate acquisition of skills, attitudes, and knowledge that lead to improved performance. The content also discusses the gaps between rhetoric and reality in HRM practices, particularly in the banking sector, which can lead to devaluation of the importance of HRM.