Human Resource Management (HRM) is the strategic and systematic approach to managing an organization's most valuable assets - its employees.
Objectives:
1. Attract, retain, and develop talented employees.
2. Enhance employee engagement, productivity, and performance.
3. Foster a positive work culture and organizational climate.
4. Ensure compliance with labor laws and regulations.
5. Align HR strategies with business goals.
Key Functions:
1. Recruitment and Selection
2. Onboarding and Training
3. Performance Management
4. Compensation and Benefits
5. Employee Relations
6. Talent Development and Succession Planning
7. Diversity, Equity, and Inclusion (DEI)
8. Employee Well-being and Safety
HRM Models:
1. Traditional ( administrative-focused)
2. Strategic (business-partner-focused)
3. Transformational (change-agent-focused)