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 acquiring, developing, and retaining employees within an organization, including recruitment, training, compensation, and performance management.
Recruitment and Selection: The process of finding, screening, and selecting the right candidate for a job vacancy.
Training and Development: The process of improving the knowledge, skills, and abilities of employees through training courses, workshops, and coaching.
Performance Management: The process of setting goals, evaluating progress, and providing feedback to employees to improve their performance.
Compensation and Benefits: The process of setting salaries, wages, benefits, and bonuses to attract and retain quality employees.
Employee Relations: The process of managing the relationships between employees and the organization, including conflict resolution and union relations.
Human Resource Information System: The use of technology to manage and organize employee information, performance, and payroll data.
Organizational Development: The process of improving the overall organization through changes in structure, culture, and processes.
Legal Compliance: The process of ensuring that the organization complies with all employment laws, regulations, and guidelines.
Diversity and Inclusion: The process of creating and maintaining an inclusive workplace that values and celebrates diversity among employees.
Health and Safety: The process of ensuring a safe and healthy working environment for employees through policies, procedures, and training.
Job Analysis: The process of studying and gathering information about a job to identify its essential duties, tasks, and responsibilities.
Recruitment: The process of attracting and identifying suitable job candidates for an organization.
Selection: The process of sorting and evaluating job applicants to identify the best candidate for a position.
Training and Development: The process of providing employees with the necessary skills and knowledge to perform their jobs effectively.
Compensation and Benefits: The process of determining and providing competitive salaries, wages, and other rewards to attract and retain employees.
Performance Management: The process of setting goals, evaluating employee performance, and providing feedback to improve performance and achieve organizational objectives.
Employee Relations: The process of managing and maintaining positive relationships with employees to promote job satisfaction and retention.
Labor Relations: The process of managing relationships with employee unions and addressing issues related to collective bargaining agreements.
HR Information Systems (HRIS): The use of technology to manage and organize employee data and HR processes efficiently.
Organizational Culture: The shared values, beliefs, and behaviors that shape the identity and functioning of an organization.
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."