Human Resource Management (HRM) is a coordination or combination of management functions like planning, organizing, directing, and controlling. It focuses on the development of employees or workers for improving their skills, knowledge, and communication level.
Meaning of Human Resource Management
Human Resource Management is a management function concerned with promoting and enhancing the development of work effectiveness and advancement of the human resources in an organization.
These are achieved through planning, organizing, directing, and controlling.
Let us understand it by dividing the term into its subparts.
- Human- people, us
- Resource- assets/costs for organizations,
- Management- coordination, and control to achieve set goals but humans, unlike other resources in the context of work and management, cause problems.
It is also the process of management which develops and manages the human element of enterprise. It is not only management of skill but also the attitudes and aspirations of people. A person who works in an organization brings not only his abilities skill and experience but also his beliefs, emotions, values, and co-operation.
It constitutes the backbone of an organization.
No matter how good or successful you are, or how clever or crafty, your business and its future are in the hands of the people you hire.
People have always been central to organizations, but their strategic importance it is growing in today’s knowledge-based industries.
Definition of Human Resource Management
There are four definitions by different authors:-
1. According to “Bratton and Gold”, ‘HRM is a strategic approach to managing employment relations which emphasizes that leveraging people’s capabilities is critical to achieving the sustained competitive advantage, this being achieved through a distinctive set of integrated employment policies, programmes, and practices’.
From this definition, we can easily deduce certain keywords which can give us an idea of what the features of HRM are. They are:
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