HRM involves managing organizational resources through activities related to employees. It aims to match employee skills to organizational needs. The key terms are human (employees), resources (including human, physical, financial, and informational), and management (planning, organizing, leading, and controlling resources).
Core HRM functions include staffing, training, compensation, health and safety, employee relations, and record keeping. These functions are interrelated and must be performed by all organizations, regardless of size.
The importance of HRM is growing as organizational success increasingly depends on employee knowledge, skills, and abilities. Factors like accommodating employee needs, complex management roles, legislation, consistency, expertise, and costs are contributing to HRM