what is human resource management?

what is human resource management?

8 hours ago 4
Nature

Human Resource Management (HRM) is the strategic and systematic practice of recruiting, hiring, deploying, and managing an organization's employees to maximize their performance and help the organization achieve its goals. HRM views employees as valuable assets or "human capital" and focuses on managing them effectively to reduce risks and increase return on investment (ROI)

. HRM encompasses a broad range of functions including:

  • Recruitment and selection of employees
  • Training and development to enhance employee skills
  • Performance management and appraisal
  • Compensation and benefits administration
  • Employee relations and welfare
  • Organizational change and compliance with labor laws
  • Talent management, succession planning, and workforce planning

The overall purpose of HRM is to ensure the organization has the right talent aligned with its strategic objectives, fostering a productive, engaged, and motivated workforce. It also involves creating policies and systems that govern employee relations and workplace conditions, aiming to create a positive work environment that supports both organizational success and employee well-being

. In summary, HRM is about optimizing organizational performance through effective management of people, balancing administrative tasks with strategic initiatives that support long-term business goals

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