Monday, June 14, 2010

What is Human Resource Managemant:


Human resource management (HRM) is the strategic and coherent approach to the management of an organization's most valued assets - the people working there who individually and collectively contribute to the achievement of the objectives of the business. The terms "human resource management" and "human resource" (HR) have largely replaced the term "personnel management" as a description of the processes involved in managing people in organizations. In simple words, HRM means employing people, developing their capacities, utilizing, maintaining and compensating their services in tune with the job and organizational requirement. The effective use of people to achieve both organizational and individual goals.

The effective recruitment, selection, development, compensation, and utilization of human resources by organizations.

Why care about HRM?

1. Impact on you as employees

2. Impact on you as managers

3. Potential future roles as HR professionals

4. Impact of HRM on organizations

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