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Human Resource Management

Human resource management involves the strategic management of people within an organization to help the business gain a competitive advantage. HR departments oversee policies and systems related to employee benefits, recruitment, training, performance management, and compensation. The overall goal of HR is to ensure the organization achieves success through its management and development of human capital.

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54 views

Human Resource Management

Human resource management involves the strategic management of people within an organization to help the business gain a competitive advantage. HR departments oversee policies and systems related to employee benefits, recruitment, training, performance management, and compensation. The overall goal of HR is to ensure the organization achieves success through its management and development of human capital.

Uploaded by

Johnson Thomas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Human resource management

Human Resource Management (HRM or HR) is the strategic approach to the effective
management of people in a company or organization such that they help their business gain a
competitive advantage. It is designed to maximize employee performance in service of an
employer's strategic objectives. Human resource management is primarily concerned with the
management of people within organizations, focusing on policies and systems.[2] HR departments
are responsible for overseeing employee-benefits design, employee recruitment, training and
development, performance appraisal, and reward management, such as managing pay and benefit
systems.[3] HR also concerns itself with organizational change and industrial relations, or the
balancing of organizational practices with requirements arising from collective bargaining and
governmental laws.

The overall purpose of human resources (HR) is to ensure that the organization is able to
achieve success through people.[5] HR professionals manage the human capital of an organization
and focus on implementing policies and processes. They can specialize in finding, recruiting,
training, and developing employees, as well as maintaining employee relations or benefits.
Training and development professionals ensure that employees are trained and have continuous
development. This is done through training programs, performance evaluations, and reward
programs. Employee relations deals with the concerns of employees when policies are broken,
such as cases involving harassment or discrimination. Managing employee benefits includes
developing compensation structures, parental leave programs, discounts, and other benefits for
employees. On the other side of the field are HR generalists or business partners. These HR
professionals could work in all areas or be labor relations representatives working with unionized
employees.

HR is a product of the human relations movement of the early 20th Century, when researchers
began documenting ways of creating business value through the strategic management of the
workforce.[citation needed] It was initially dominated by transactional work, such as payroll and
benefits administration, but due to globalization, company consolidation, technological
advances, and further research, HR as of 2015 focuses on strategic initiatives like mergers and
acquisitions, talent management, succession planning, industrial and labor relations, and
diversity and inclusion. In the current global work environment, most companies focus on
lowering employee turnover and on retaining the talent and knowledge held by their workforce.
[citation needed]
New hiring not only entails a high cost but also increases the risk of a new employee
not being able to adequately replace the position of the previous employee. HR departments
strive to offer benefits that will appeal to workers, thus reducing the risk of losing employee
commitment and psychological ownership

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