Human resources management (HRM) is the practice of managing an organization's
employees to achieve its goals. It involves a variety of activities, including:
- Recruitment: Attracting, interviewing, and hiring new employees
- Training: Developing employees' skills and knowledge
- Compensation and benefits: Planning and overseeing employee benefit programs
- Policies and procedures: Creating and enforcing policies to ensure employee
safety and compliance with laws
- Employee relations: Building a positive workplace environment and ensuring good
working relationships
HRM is also known as human resources (HR). The term "human resources" was first used in the early 1900s,
and
became more widely used in the 1960s.
HRM is important because it helps organizations make the most of their employees, which are often
considered a company's most valuable assets. The goal of HRM is to reduce risk and maximize return
on investment (ROI).
