What is HRM? 

The term ‘’Human Resources’’ implies that people have capabilities to drive organizational performance along with other resources

There are three mains organizational resources,

·       Human resources

·       Financial resources

·       Technological resources

Human resource is important fact in organizational success and its solution for many questions relating to managing business.

Apart from that organizational success mainly depends on knowledge, skills and capabilities of employees particularly as their help to establish competencies than their competitors. An organization can achieve competitive advantages by bringing together different kinds of people to the organization.

There for as per the Human resource management theories, employees consider as most valuable resources for the organization and they consider their employees as asset for their organization.

The essential of HRM and identify what it means

Human Resource is the people in an organization employed to carry out various jobs, task and functions in exchange for wages salaries and other rewards.

Human Resource Management is a set of managerial activities and tasks concerned with developing and maintaining a qualified workforce in order to achieve organizational goals.

 HRM Definitions by Authors

Many great personalities had defined human resource management in different ways and with different words, but the core meaning of the HRM is how to manage people or employees in the organization.

HRM is strategic approach to maintain employment relation which emphasizes that leveraging people’s capabilities is critical to achieving competitive advantage,this being achieved through a distinctive se of integrated employment policies, programmes and practices.(Bratton Gold ,2007).

The purpose of HRM is to ensure that the employees of an organization are used in such a way that the employer obtains the greatest possible benefit from their abilities and the employees obtain both material and psychological rewards from their work (Graham, 1978).

HRM is a distinctive approach to employment management which seeks to achieve competitive advantage through the strategic deployment of a highly committed and capable workforce, using an array of cultural, structural and personnel techniques. (Storey,1995).

Reference

Bratton, J. and Gold, J. (2007) Human Resource Management: Theory and Practice, 4 thed. Basingstoke: Palgrave McMillan.

Graham, H.T. (1978) Human Resource Management, 2 nded. Plymouth: MacDonald & Evans.

Storey, J. (1995) Human Resource Management: A Critical Text. London: Routlegde