Quote: "Human resource management (HRM or HR) is the strategic and coherent approach to the effective and efficient management of people in a company or organization such that they help their business gain a competitive advantage."
The management of a corporation's workforce, including hiring, training, and compensation.
Recruitment and Selection: The process of hiring employees, including job posting, screening applicants, interviewing, and making job offers.
Employment Law: The legal framework that governs employment relationships, including discrimination, harassment, wage and hour laws, and regulations regarding leaves of absence.
Onboarding: The process of acclimating new employees to the company culture, policies, and procedures.
Compensation and Benefits: The total rewards system that compensates employees for their work, including base pay, bonuses, and benefits such as health insurance, retirement plans, and paid time off.
Performance Management: The process of setting performance goals, providing feedback, and evaluating employee performance.
Training and Development: The programs and activities designed to improve employee skills and knowledge, usually with the goal of improving job performance or preparing employees for advancement.
Employee Relations: The management of relationships between employees, including communication, conflict resolution, and addressing behavioral issues.
Compliance: The adherence to government regulations and company policies related to employment, including legal requirements for record-keeping, anti-discrimination policies, and health and safety regulations.
Diversity and Inclusion: The efforts to create an inclusive workplace that values differences in age, race, gender, sexual orientation, and other dimensions of diversity.
HR Ethics: The principles that guide ethical behavior in HR, including confidentiality, transparency, accountability, and respect for individual rights.
Recruitment and Staffing: This involves sourcing, screening, and selecting job candidates.
Benefits Administration: Managing the employee benefits programs such as health insurance, retirement plans, and other employee benefits.
Compensation and Payroll: This department is responsible for developing and administrating the payment of employees, including salary, wages bonus, and benefits.
Employee Relations: The department is responsible for creating and maintaining relationships between employees and employer, helping to manage conflicts, and ensuring the workplace is comfortable for employees.
Training and Development: This department handles employee training and development programs aimed at enhancing job skills and improving employee effectiveness.
Performance Management: It involves assessing employee performance, providing feedback, and development toward achieving the organization's goals.
HR Information Systems: Managing and analyzing HR data using software, designing software, and applications to manage HR functions.
Talent Management: This department creates and implements strategies for acquiring, developing, and retaining company talent.
Organizational Development: This involves creating and implementing strategies for organizational growth and development, implementing changes to enhance company culture and structure.
Compliance and Ethics: It ensures the company complies with various HR related laws and regulations and ethics standards.
Health and Safety: This department is responsible for ensuring employee safety in the workplace, developing and implementing safety policies, and monitoring employees' health.
Diversity and Inclusion: This type of HR department ensures fair employment practices and promotes diversity and inclusivity in the workplace through hiring and training programs.
Global HR: This involves managing HR operations on a global scale, including strategically hiring, developing, and retaining employees in various countries and cultures.
Labor Relations: This department manages employer relations with labor unions, ensuring the organization is compliant with labor laws and regulations.
HR Analytics and Metrics: The department uses metrics and analytics to measure HR's effectiveness and provides recommendations to improve employee productivity, engagement, and overall workforce balance.
HR Strategy: The department is responsible for implementing the organization's strategic goals through HR policies and programs.
Employee Engagement: The department ensures employees feel valued, motivated, and engaged in their work, using programs that build morale and productivity.
HR Shared Services: Provides HR services to other departments within the organization, typically centralized in a service center structure.
HR Business Partner: Acts as a strategic link between HR and the organization, working with key stakeholders to align HR goals with organizational goals.
Innovation and Technology: This department manages and directs the development of technology and predicts future HR trends, including identifying new ways to streamline HR processes and communication methods using technology.
Workforce Planning: This involves planning and forecasting the future workforce needs of the organization, including understanding trends in the recruitment market, turnover rates, and employee roles.
Mergers and Acquisitions: This department is responsible for managing the HR aspects of mergers and acquisitions, including restructuring, reorganization, and hiring and training new employees.
Quote: "HR departments are responsible for overseeing employee-benefits design, employee recruitment, training and development, performance appraisal, and reward management."
Quote: "The overall purpose of human resources (HR) is to ensure that the organization is able to achieve success through people."
Quote: "They can specialize in finding, recruiting, selecting, training, and developing employees, as well as maintaining employee relations or benefits."
Quote: "Training and development professionals ensure that employees are trained and have continuous development."
Quote: "Employee relations deals with the concerns of employees when policies are broken, such as cases involving harassment or discrimination."
Quote: "Managing employee benefits includes developing compensation structures, parental leave programs, discounts, and other benefits for employees."
Quote: "These HR professionals could work in all areas or be labour relations representatives working with unionized employees."
Quote: "HR as of 2015 focuses on strategic initiatives like mergers and acquisitions, talent management, succession planning, industrial and labor relations, and diversity and inclusion."
Quote: "In the current global work environment, most companies focus on lowering employee turnover and on retaining the talent and knowledge held by their workforce."
Quote: "New hiring not only entails a high cost but also increases the risk of a new employee not being able to adequately replace the position of the previous employee."
Quote: "HR departments strive to offer benefits that will appeal to workers, thus reducing the risk of losing employee commitment and psychological ownership."
Quote: "It was initially dominated by transactional work, such as payroll and benefits administration."
Quote: "Due to globalization, company consolidation, technological advances, and further research, HR as of 2015 focuses on strategic initiatives."
Quote: "Researchers began documenting ways of creating business value through the strategic management of the workforce."
Quote: "HR as of 2015 focuses on strategic initiatives like mergers and acquisitions."
Quote: "HR as of 2015 focuses on strategic initiatives like talent management."
Quote: "HR as of 2015 focuses on strategic initiatives like diversity and inclusion."
Quote: "HR departments are responsible for overseeing performance appraisals."
Quote: "HRM...is designed to maximize employee performance in service of an employer's strategic objectives."