Human Resource Management HRM) is the strategic and coherent approach to the
management of an organizations most valued assets – the people working there who
individually and collectively contribute to the achievement of the objectives of the
business. The terms “human resource management” and “human resources” (HR) have
largely replaced the term “personnel management” as a description of the processes
involved in managing people in organizations. Human Resource management is evolving
rapidly. Human resource management is both an academic theory and a business practice
that addresses the theoretical and practical techniques of managing a workforce.
Human resources management comprises several processes. Together they are supposed to
achieve the above mentioned goal. These processes can be performed in an HR
department, but some tasks can also be outsourced or performed by line-managers or other
departments.
Human Resource Management is comprised of twelve functions: Human resource
planning, Job analysis, Recruitment, Selection, EEO /managing diversity, Training and
development, Performance management/ appraisal, Compensation and benefits,
Occupational safety and health, Labor-management relations, Discipline and grievance
handling, and Human resource research.
Human resource planning involves analyzing and forecasting the talent that companies
need to execute their business strategy, proactively rather than reactively, it is a critical
strategic activity, enabling the organization to identify, develop and sustain the workforce
skills it needs to successfully accomplish its strategic intent whilst balancing career and
lifestyle goals of its employees.
Human Resource Management is a relatively new management process that is being used
increasingly to help control labour costs, assess talent needs, make informed business
