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Human resource management (HRM).
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
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1. Human resource management (HRM) is a philosophy of people management based on the belief that human resources are uniquely important to sustain business success. An organization gains comparative advantage by using its people effectively, drawing on their expertise and ingenuity to meet clearly defined objective. HRM is aimed at recruiting capable, flexible and committed people, managing and rewarding their performance and developing key competencies. HRM was identified with a strategic approach, linking the management of people to the achievement of business objectives. Strategic HRM enables the provision of the skills and abilities needed to meet the requirements of an organization's overall objectives. In other words, they provide the framework, which ensures that an organization's people needs are met. The key functions of HRM are manpower planning, recruitment and selection, training and development, appraisal, consultation and negotiation for the workforce. Within the company, the Personnel Department must take responsibility to...
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