Knowledge, Knowledge workers and Knowledge Management have created a lot of interest among the corporate leaders in the recent past. The changes in the present industrial scenario with increased emphasis on knowledge management have resulted in significant shifts in the working environment and HR policies pursued by organizations. The primary focus of Human Resources Management is to match the job profile with the skill set of people in order to achieve the organization's goals. There is understandably a considerable overlap between human resources and knowledge management, since knowledge creation is a human activity and managing humans is a HR activity. Knowledge Management and Human Resources Management initiatives are focused on harnessing the available knowledge assets and to prevent knowledge from walking out of the door. Hence, there is a need for integration between the Knowledge Management initiatives and the HR policies of the organization. The function of the HR department is to select and recruit individuals who would subscribe to the culture of sharing information and knowledge dissemination. An Organization's HR policies and practices must be aligned to fortify the Knowledge Management practices to maximize the organization's intellectual asset. HRM should provide a platform for the employees to realize the "Ultimate Experience" by transforming all their tacit knowledge into explicit knowledge through educating them and building their skills and competencies.