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."
This subfield focuses on managing the human resources of an organization, including recruitment, selection, training, and performance management.
Job Analysis: This is the process of identifying the tasks, duties, and responsibilities associated with a particular job role.
Recruitment and Selection: This involves identifying, attracting, and hiring the best candidates for a position.
Performance Management Systems: This involves setting targets, providing feedback, and evaluating employee performance.
Compensation and Benefits: This is the process of determining employee pay and benefits.
Training and Development: This includes identifying training needs, designing training programs and evaluating the effectiveness of training.
Employee Relations: This involves managing relationships between employers and employees.
Diversity and Inclusion: This is the process of creating a work environment that values and welcomes diverse perspectives.
Organizational Culture: This is the shared values, beliefs, and practices that shape the behavior of people within an organization.
Leadership and Management: This includes developing leadership and management skills, as well as identifying effective leadership and management styles.
Ethics and Corporate Social Responsibility: This includes understanding the ethical and social responsibilities of an organization.
Employment Law: This involves understanding the legal aspect of HR management, including regulations and compliance requirements.
Human Resource Information Systems: This is the technology used to manage HR information and data.
Employee Engagement and Retention: This involves creating a work environment that fosters employee retention and engagement.
Talent Management: This is the process of identifying and developing talented employees to meet current and future organizational needs.
Human Resource Planning: This involves forecasting future HR needs and developing plans to meet those needs.
Traditional HRM: This is the basic and most commonly used approach to HRM that focuses on administrative functions such as recruitment, payroll, and benefits administration.
Strategic HRM: This approach aligns the human resource functions with the strategic goals and objectives of the organization. HR managers are strategic partners and contribute to the organization's decision-making process.
Behavioral HRM: This approach emphasizes employee behavior and motivation. It involves assessing employee satisfaction, implementing employee training programs, and improving communication between employees.
Resource-Based HRM: This approach sees employees as valuable resources and focuses on developing and enhancing human capital. It involves investing in employee development and training, creating a positive work environment, and providing employee feedback.
High-Performance HRM: This approach focuses on creating a highly skilled and motivated workforce to achieve high levels of organizational performance. It involves training, performance appraisal, and rewards programs to motivate employees to achieve organizational goals.
Diversity HRM: This approach emphasizes the importance of diversity in the workforce and promotes practices that support diversity and inclusiveness. HR managers ensure equality in the workplace, promote a diverse workforce, and create a culture of inclusiveness.
Evidence-Based HRM: This approach advocates for the use of evidence and data to make HR decisions. It involves analyzing data to make informed decisions about recruitment, performance management, and employee development.
Agile HRM: This approach adapts to the rapidly changing business environment and uses innovative HR practices such as agile methods to respond to changes in the market.
Knowledge HRM: This approach emphasizes the importance of knowledge management to organizational success. It involves developing, transferring, and leveraging knowledge and skills to improve organizational performance.
Sustainable HRM: This approach focuses on sustainable practices and goals such as reducing the environmental footprint of the organization, promoting social responsibility, and ethical business practices. HR managers promote sustainability throughout the organization through training, policies, and practices.
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."