Human Resource Management (HRM) is a strategic approach focused on effectively managing an organization's workforce to achieve its goals. Key objectives include attracting and retaining talent, employee development, and maintaining a positive work environment. HRM functions encompass recruitment, training, performance management, compensation, employee relations, HR planning, diversity, and legal compliance, all of which are essential for organizational success.

1. Human Resource Management (HRM)
An Overview

2. Concept of
HRM
• Human Resource Management (HRM) refers
to the strategic approach of managing an
organization's workforce. It involves the
effective utilization of human resources to
achieve organizational goals and objectives.

3. Objectives of HRM
1. Attract and Retain Talent: HRM aims to attract and retain skilled and
motivated employees who contribute to the success of the organization.
2. Employee Development: It focuses on enhancing the skills and
capabilities of employees through training and development programs.
3. Maintain a Positive Work Environment: HRM strives to create a positive
workplace culture and foster employee satisfaction.

4. Functions of HRM
• 1. Recruitment and Selection: Identifying,
attracting, and hiring the right talent for the
organization.
• 2. Training and Development: Providing
employees with the necessary skills and
knowledge to perform their jobs effectively.
• 3. Performance Management: Evaluating and
managing employee performance to achieve
organizational goals.
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5. Functions of HRM (contd.)
• 4. Compensation and Benefits: Designing and administering fair and
competitive compensation and benefit packages for employees.
• 5. Employee Relations: Managing relationships between employees
and the organization, addressing conflicts, and promoting a positive
work environment.
• 6. HR Planning: Anticipating and planning for the organization's future
workforce needs.
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7. Functions of
HRM (contd.)
• 7. Diversity and Inclusion:
Promoting a diverse and inclusive
workplace that values and
respects differences among
employees.
• 8. Legal Compliance: Ensuring HR
practices comply with
employment laws and regulations
to mitigate legal risks for the
organization.
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8. Importance of HRM
• Effective HRM is crucial for organizational success as it
aligns human capital with strategic goals, enhances
employee productivity, and fosters a positive workplace
culture.
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9. Conclusion
• In conclusion, Human Resource
Management is a strategic function
that plays a vital role in managing
and developing an organization's
most valuable asset – its people.