The term “HRM” stands for Human Resource Management. HRM is all about focus on people “the employees” as company assets. Hence employees are known as human capital.
Let’s understand what is HRM and its objective in simple term: The main aim of HRM is to minimize risk and increase return on investment (ROI) and achieve the organization’s short-term and long-term goals. Here we will explore all about HRM:
What is Human Resource Management
HRM is concerned with all issues relating to hiring, compensation, performance management, organizational development, and training the employees. HRM defines a strategic approach to managing people, as well as the work culture and environment.
organization-culture work culture and environment Some of the most important tasks of HRM are to develop Policies and procedures includes recruitment training, motivation, leave policies, other workplace policies, employee-related legal compliances, organizational culture, Performance monitoring, salary structure etc.
Human Resource Management - HRM Meaning
HRM refers the method of recruiting, hiring, deploying and managing an organization's employees is known as human resource management (HRM). The HR department of an organization is normally in charge of developing, implementing and managing HR policies that regulate workers and ensure to follow policies and procedures and also the organization's interaction with its employees.
Human Resource Management Definition
A simple HRM definition is efficient management of people in an organization which can ultimately lead to contributing to achieving business goals. Human Resource Management also defined commonly as HR, it has been defined in many different ways but at the heart of every HRM definition is the human capital - the employee. HRM systems and HR policies are designed to maximize employee performance to achieve the organization’s strategic objectives.
Human Resource Management can also be defined as planning, organizing, directing, controlling, compensating, developing, integrating, maintaining, etc. of the human resources in order to achieve, the social and individual objectives of the organization.
Some of the most basic roles of HRM are to develop policies and procedures including recruitment, training, motivation, leave policies, other workplace policies, employee-related legal compliances, organizational culture, Performance monitoring, salary structure, etc.
HRM Definition by Renowned Eminent Authors
Learn what is Human Resource Management meaning and its definition given by some of the elite HR Experts & Eminent Authors :
Armstrong “HRM 'is concerned with the employment, development and reward of people in organizations and the conduct of relationships between management and the workforce”.
Robbins and Decenzo “HRM is a process of acquiring, retaining, developing, terminating and properly using the human resources in an organization”.
Dessler “HRM as a process of acquiring, training, appraising, and compensating employees, and attending to their labor relations, health and safety, and fairness concerns”.
Mathis and Jackson “HRM deals with the design of formal systems in an organization to ensure the effective and efficient use of human talents to accomplish organizational goals”.
Byars and Rue “Human Resource Management encompasses those activities designed to provide for and coordinate the human resources of an organization Human resource functions refer to those tasks and duties performed in organizations to provide for and coordinate human resources”.
Ivancevich and Glueck “Human Resource Management is the function performed in organizations’ that facilitate the most effective use of people (employees) to achieve organizational and individual goals”.
Edwin Flippo defines HRM as- “planning, organizing, directing, controlling of procurement, development, compensation, integration, maintenance and separation of human resources to the end that individual, organizational and social objectives are accomplished”
John Storeystates that “HRM is a distinctive approach to employment management which seeks to achieve competitive advantage through the strategic deployment of a highly committed and capable workforce, using an integrated array of cultural, structural and personal techniques”.
M. J. Jucious “The field of HRM involves planning, organization, directing and controlling functions of procuring, developing, maintaining and utilizing a labor force.”
Ricky W. Griffin “Human Resource Management is the set of organizational activities directed at attracting, developing and maintaining an effective workforce.”