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 process of recruiting, selecting, training, and managing employees within an organization.
Recruitment and Selection: Covers the process of identifying and hiring the right candidate for a job opening.
Employee Training and Development: Encompasses the various methods and techniques used to improve employee skills and performance.
Performance Management: Focuses on evaluating and reviewing employee performance to identify strengths and weaknesses.
Compensation and Benefits: Covers the various forms of pay and incentives offered to employees, as well as benefits such as health insurance, retirement plans, and vacation time.
Employee Relations: Deals with the management of employee issues and grievances, and maintaining positive relationships between employees and the organization.
Legal Aspects of Human Resource Management: Covers the legal framework surrounding employment, including labor laws, discrimination, and workplace safety.
Diversity and Inclusion: Focuses on promoting diversity within the workplace, and creating an inclusive environment where everyone feels supported and valued.
Human Resource Information Systems: Covers the technology used to manage HR data, including employee records, benefits, and payroll.
Organizational Development: Encompasses the process of improving an organization's performance by developing its structure, culture, and processes.
Leadership and Management: Covers the skills required to effectively manage and lead a team or organization, including communication and decision-making.
Change Management: Covers the strategies used to implement changes within an organization, and the challenges that come with change.
Employee Retention: Focuses on strategies to attract and retain employees, including employee engagement, work-life balance, and career development.
Talent Management: Encompasses the identification and development of high-potential employees, and the creation of a talent pipeline to ensure future success.
Strategic Human Resource Management: Focuses on aligning HR policies and practices with the overall goals and objectives of the organization.
Ethics and Corporate Social Responsibility: Covers the ethical considerations and social impact of HR practices, including fair labor practices and sustainability.
Recruitment and staffing: Involves sourcing, screening, interviewing, and hiring candidates for job positions within an organization.
Performance management: Focuses on setting individual and team goals, monitoring progress, providing feedback, and evaluating performance to improve a company's productivity.
Training and development: Aims to improve employees' skills for better productivity, communication, and overall job satisfaction.
Compensation and Benefits: Includes designing competitive compensation structures that ensure fair pay, bonuses, and benefits packages for all employees.
Employee Relations: Handles employee grievances and helps maintain a positive work environment by resolving any conflicts and addressing any issues that may arise.
Culture and engagement: Focuses on creating a positive workplace culture and improving employee engagement to keep employees motivated and committed to the organization's goals.
HR Information Systems: Used to manage HR processes and data, including payroll, benefits administration, and recruitment.
Compliance: Ensures that the company is compliant with legal and regulatory requirements and policies concerning employment law, workplace safety, and diversity and inclusion policies.
Talent Management: Focuses on identifying and developing high-potential employees, as well as creating career paths that will enable employees to grow and advance within the organization.
Strategic Planning: Involves HR executives and management teams in the strategic planning process to ensure that HR policies and practices support overall business objectives.
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."