What Is HRM
Human
resource management (HRM) is the process of hiring individuals, providing them
with the necessary training and compensation, creating policies pertaining to
them, and creating retention plans. Over the past 20 years, HRM has undergone a
great deal of development as a field, making it even more crucial in today's
enterprises. HRM used to be more of an administrative function than a strategic
one that was essential to the organization's performance. It involved
processing payroll, sending birthday gifts to employees, planning company
outings, and ensuring sure forms were accurately filled out. The new function
of HRM is best summed up by management guru and former General Electric CEO
Jack Welch: "Leave the celebrations, birthdays, and registration paperwork
behind... Keep in mind that HR is crucial during good times amid trying
circumstances" (Frasch, et. al., 2010).
At the outset of this article, it is important to emphasise that every manager has a responsibility in human resource management. Even though we do not hold the title of HR manager, we still carry out all or at least some of the HRM duties. For instance, the major
ity of managers deal with employee compensation,
motivation, and retention, which means that these issues fall under both
management and HRM. As a result, both those who will manage a firm and those
who aspire to become HR managers should read this book.
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