HRM: Gaining a Competitive Advantage and Challenges

Definition

• Human Resource Management (HRM) is the function within an organization that focuses on the recruitment of, management of, and providing direction for the people who work in an organization.
• HRM is the organizational function that deals with or provides leadership and advice for dealing with all issues related to the people in an organization.
• HRM is also a strategic and comprehensive approach to managing people and the workplace culture and environment.
• HRM is the process of recruitment, selection of employee, providing proper orientation and induction, providing proper training and the developing skills, assessment of employee (performance of appraisal), providing proper compensation and benefits, motivating, maintaining proper relations with labour and with trade unions, maintaining employees safety, welfare and health by complying with labour laws of concern state or country.