What is Human Resource Management (HRM)?

Introduction:

Humans are an organization's greatest assets; without them, everyday business functions such as managing cash flow, making business transactions, communicating through all forms of media, and dealing with customers could not be completed.

HRM

HRM is the effective use of human resources in order to enhance organizational performance. It describes the functions within a company that relate to people. Computer systems to support this function include Payroll, Personnel and Skills Database.

Some more definitions given by HRM scholars are:-

Ø  The process of acquiring, training, appraising and compensating employees and of attending to their labor relations, health and safety, and fairness concern.

Ø  The policies and practices involved in carrying out the people or human resource aspect of a management position …

Ø  HRM refers to the administrative activities concerned with the management of the people in the organization.

Ø  The activities which an organization conducts to use its human resource effectively.

Ø  Staffing function of the organization. It includes the activities of human resources planning, recruitment, selection, orientation, training, performance appraisal, compensation, and safety.

Ø  HRM includes recruitment and selection of appropriate staff and management of the employment relationship, which includes contracts, collective bargaining, reward systems and employee involvement, and considers the strategic and operational view of human resource requirements.