The document discusses the strategic role of human resource management (HRM) in organizations. It defines HRM as planning, organizing, and managing human resources to achieve individual, organizational, and social objectives. HRM functions include both managerial functions like planning and controlling, as well as operative functions such as procurement, development, compensation, integration, and maintenance. Strategic HRM (SHRM) treats HR as a strategic partner in formulating and implementing strategies to help organizations achieve their goals. SHRM focuses on long-term people issues and organizational success, whereas traditional HRM is more transactional and reactive with a short-term focus.