Human resource management (HRM) is the process of managing an organizations employees. It involves creating personnel policies and procedures that support business objectives and strategic plans. The overall purpose of HR is to ensure that the organizations employees help the business gain a competitive advantage. HRM is primarily concerned with the management of people within organizations, focusing on policies and systems. Some of the major HRM activities include:
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Recruiting and hiring: This involves finding and selecting the right candidates for job openings.
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Training and development: This involves providing employees with the necessary skills and knowledge to perform their jobs effectively.
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Performance appraisal: This involves evaluating employee performance and providing feedback to help them improve.
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Compensation and benefits: This involves managing pay and employee benefits systems.
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Organizational change and industrial relations: This involves balancing organizational practices with requirements arising from collective bargaining and governmental laws.
HRM professionals may specialize in areas such as compensation, training, or managing employees. Most HRM professionals hold a bachelors degree, and some pursue a masters degree. HRM professionals at all levels can also earn professional certifications to help build knowledge and increase earning potential. The goal of HRM is to build a company culture and carry out its mission and overall goals through the management of employees.
