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Human resource management (HRM) is the strategic and coherent approach to the effective and efficient management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize employee performance in service of an employer's strategic objectives.
Many organizations have gone beyond the traditional functions and developed human resource management information systems, which support recruitment, selection, hiring, job placement, performance appraisals, employee benefit analysis, health, safety, and security, while others integrate an outsourced applicant tracking system that encompasses a ...
The function, in terms of the employers benefit, is to create a management system to achieve long-term goals and plans. The management allows companies to study, target, and execute long-term employment goals. For any company to have an efficient ability to grow and advance human resource management is a key.
A line function is one that directly advances an organization in its core work. [1] This always includes production and sales , and sometimes marketing . [ 2 ] A staff function supports the organization with specialized advisory and support functions. [ 3 ]
Human resources (HR) is the set of people who make up the workforce of an organization, business sector, industry, or economy. [1] [2] A narrower concept is human capital, the knowledge and skills which the individuals command. [3]
E-HRM, often seen as the modern counterpart of HRM, bears resemblances to various HR management functions. These functions encompass the planning for an organization's requirements, the acquisition of human resources, the improvement of individual and organizational performance, the provision of employee rewards, and the maintenance of human ...