According to the Nick Barney, Wesly Chai and Shaun Sutner, HRM, or human resource management, is the process of finding, selecting, assigning, and overseeing workers inside a company. Human resources (HR) is another common term used to refer to HRM. The HR department of a business or organization is often in charge of developing, implementing, and monitoring policies that control workers and the employer-employee relationship. The phrase "human resources" was initially used to refer to all of the employees of the company in the early 1900s, and it became more popular in the 1960s.
An again I can conclude to the Coursera Staff, Coordination, administration, and allocation of human capital, or employees, in a way that advances an organization's objectives is known as human resource management, or HRM. HRM is all about making an investment in workers, making sure they are safe, and handling every facet of personnel, including hiring, remuneration, and training.
As such it can conclude that, HRM is a systematic approach to managing the most important resource of any organization: its workforce. In order to successfully and efficiently accomplish organizational goals, human resource management (HRM) entails planning, recruiting, selection, training, development, assessment, remuneration, and employee retention. It includes a range of duties like employee relations, performance management, staffing, and organizational development. HRM seeks to establish a productive workplace where staff members can give their all, grow both personally and professionally, and support the goals of the company.
References
Barney N., Chai W. & Sutner S. (2017), Human Resource Management, [Online], Available At:https://www.techtarget.com/searchhrsoftware/definition/human-resource-management-HRM, [Accessed on 01st April 2024]
Staff C., (2024), What Is Human Resource Management? Definition + Career Guide, [Online], Available At:https://www.coursera.org/articles/human-resource-management, [Accessed on 01st April 2024]
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The strategic approach to managing an organization's most valuable asset—its people—is known as human resources management, or HRM. It includes a broad variety of actions meant to maximize worker productivity, engagement, and happiness while also accomplishing the goals of the company. HRM entails activities like hiring, performance management, training and development, pay and benefits, employee relations, and guaranteeing legal compliance.
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