Human resource management is a contemporary, umbrella term used to describe the management and development of employees in an organization. Also called personnel or talent management (although these terms are a bit antiquated), human resource management involves overseeing all things related to managing an organization’s human capital.
Human resources or HR is the company department charged with finding, screening, recruiting, and training job applicants, and administering employee-benefit programs. As companies reorganize to gain a competitive edge, HR plays a key role in helping companies deal with a fast-changing environment and the greater demand for quality employees.
John R. Commons, a pioneering economist, first coined the term “human resource” in his book “The Distribution of Wealth,” which was published in 1893. However, it was not until the 19th century when the developed HR departments to address misunderstandings between employees and their employers.
Human Resources is also the function in an organization that deals with the people and issues related to people such as compensation and benefits, recruiting and hiring employees, onboarding employees, performance management, training, and organization development and culture.
Human Resources staff is also responsible for advising senior staff about the impact on people (the human resources) of their financial, planning, and performance decisions. Managers rarely discuss the effect of their decisions on the people in the organizations. It is often predictable that decisions are driven by more easily measurable processes such as finance and accounting.
After completing this course, you should be able to:
- Know the goals and characteristics of Human Resources management.
- Have a deep knowledge about Human Resource Management (HRM) and understand the key dimensions to Human Resource Management
- understand the types of Human Capital Management and have knowledge on the Impact of HRM on organization performance
- Understand recruitment process and understand the types of Recruitment.