Human Resource Management (HRM) - Definition and Concept

The process of defining HRM leads to two different definitions. The first definition of HRM is that it is the process of managing people in organizations in a structured and thorough manner. This covers the fields of staffing (hiring people), retention of people, pay and perks setting and management, performance management, change management and taking care of exits from the company to round off the activities. This is the traditional definition of HRM which leads some experts to define it as a modern version of the Personnel Management function that was used earlier.

The second definition of HRM encompasses the management of people in organizations from a macro perspective i.e. managing people in the form of a collective relationship between management and employees. This approach focuses on the objectives and outcomes of the HRM function. What this means is that the HR function in contemporary organizations is concerned with the notions of people enabling, people development and a focus on making the “employment relationship” fulfilling for both the management and employees.

However, in simple words Human resource management, or HRM, is defined as the process of managing employees in a company and it can involve hiring, firing, training and motivating employees. An example of human resource management is the way in which a company hires new employees and trains those new workers.

 (Appreciative Learning and Development Management (ALDM) | Human Resource Management (HRM), 2020)

Whatever the definition we use the answer to the question as to “what is HRM?” is that it is all about people in organizations. No wonder that some MNC’s (Multinationals) call the HR managers as People Managers, People Enablers and the practice as people management. In the 21st century organizations, the HR manager or the people manager is no longer seen as someone who takes care of the activities described in the traditional way. In fact, most organizations have different departments dealing with Staffing, Payroll, and Retention etc. Instead, the HR manager is responsible for managing employee expectations vis-à-vis the management objectives and reconciling both to ensure employee fulfillment and realization of management objectives.

(https://www.youtube.com/watch?v=Eoy7ikoET0s) 

Important concepts of Human Resource Management

·         Importance of HRM

·         Scope of HRM

·         Various Processes in HRM

·         What is Human Resource Planning?

·         The HRM Function

·         Functions of a Human Resource Manager

·         Staffing Role of the HR Manager

·         Role of HRM in Leadership Development

·         Role of HR in People Empowerment

·         Talent Management and HRM

·         Performance Management as a HR Management Concept

·         Hiring Strategies

·         Retention Strategies

References

Managementstudyguide.com.( 2020). Human Resource Management (HRM) - Definition And Concept. [online] Available at: <https://www.managementstudyguide.com/human-resource-management.htm> [Accessed 30 May 2020].

Aldmnepal.org.( 2020). Appreciative Learning And Development Management (ALDM) | Human Resource Management (HRM). [online] Available at: <http://aldmnepal.org/training-program-support/human-resource-management> [Accessed 30 May 2020].

Video [online] Available at: <https://www.youtube.com/watch?v=Eoy7ikoET0s> [Accessed 30 May 2020].