Human Resource Management

Human Resource Management

Occupation
Occupation type	Field of profession
Activity sectors	Management, Business administration
Specialty	{{#statements:P1995}}
Description
Competencies	Interpersonal skills, Legal knowledge, Organizational skills
Education required	Typically requires a degree in Human Resources, Business Administration, or Psychology
Fields of employment	Human Resources departments
Related jobs	Recruiter, Training and Development Manager, Compensation and Benefits Manager

Human Resource Management (HRM) is the strategic approach to the effective management of people in a company or organization in a way that they help their business gain a competitive advantage. It is designed to maximize employee performance in service of an employer's strategic objectives.

Overview

HRM involves the management of people in organizations from a macro perspective. It also involves the hiring, administration, and training of personnel. The HR department is responsible for managing employee benefits, performance appraisals, and designing work positions; often, they also oversee change management and succession planning.

History

The origins of HRM can be traced back to the early 20th century, where the concepts of personnel management began to form. The field has evolved significantly over the decades, influenced by changes in law, economics, and cultural understandings of work.

Functions

HRM functions include:

• Recruitment and Selection
• Employee Benefits and Compensation
• Performance Management
• Employee Relations
• Training and Development
• Succession Planning
• Labor Law Compliance

Strategic HRM

Strategic HRM involves the broader concerns of the organization and its long-term goals. It integrates HRM with the strategic objectives of the organization. This approach focuses on aligning HR policies and systems with the business strategies of the organization.

Challenges

HRM faces several challenges including adapting to globalization, changes in employment laws, evolving technology, and managing workforce diversity.

Future of HRM

The future of HRM includes more integration with technology, greater focus on employee experience, and increased reliance on data and analytics to drive HR decisions.

See also

• Organizational Behavior
• Industrial and Organizational Psychology
• Business Administration