Human resource management involves planning, organizing, staffing, leading, and controlling functions to acquire, train, appraise, and compensate employees. It also includes managing labor relations, health and safety, and fairness. The strategic role of HRM is to establish objectives that support achieving business goals by balancing internal strengths and weaknesses with external opportunities and threats. This involves analyzing trends, conducting strategic planning, and aligning HR functions with business strategies to create needed competencies and improve business performance.