Human Resource Management (HRM or HR) is human resources management. It is designed to maximize employee performance in serving an employer's strategic objectives. HR is primarily concerned with managing people within organizations, focusing on policies and systems. Human resources departments are responsible for overseeing the design of employee benefits, hiring employees, training and development, performance appraisal and reward (eg, administration of compensation and benefits systems) . HR also deals with organizational change and labor relations, that is, the balance of organizational practices with demands derived from collective bargaining and governmental laws.
HR is a product of the early 20th century human relations movement, when researchers began documenting ways to create business value through strategic management of the workforce. Human resources management, starting in 2015, focuses on strategic initiatives such as mergers and acquisitions, talent management, succession planning, industrial activities and labor relations, and diversity and inclusion.
Human resources focus on maximizing employee productivity. Human resource professionals manage the human capital of an organization and focus on implementing policies and processes. They can specialize in recruitment, training, employee relations or benefits. Recruitment specialists find and hire the best talent. Training and development professionals ensure that employees are trained and have continuous development. This is done through training programs, performance appraisals and reward programs. Employee relationships address employee concerns when policies are broken, such as harassment or discrimination. Someone in benefits develops compensation structures, family leave programs, discounts and other benefits that employees can get. On the other side of the field are Human Resources Generalists or business partners. These HR professionals could work in all areas or be representatives of labor relations working with union employees.
