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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.
In organizational studies, resource management is the efficient and effective development of an organization's resources when they are needed. Such resources may include the financial resources, inventory, human skills, production resources, or information technology (IT) and natural resources.
Management (or managing) is the administration of organizations, whether they are a business, a nonprofit organization, or a government body through business administration, nonprofit management, or the political science sub-field of public administration respectively. It is the process of managing the resources of businesses, governments, and ...
Workforce management (WFM) is an institutional process that maximizes performance levels and competency for an organization.The process includes all the activities needed to maintain a productive workforce, such as field service management, human resource management, performance and training management, data collection, recruiting, budgeting, forecasting, scheduling and analytics.
Workplace strategy: The dynamic alignment of an organization's work patterns with the work environment to enable peak performance and reduce costs. Workplace stress : The harmful physical and emotional response that occurs when there is a poor match between job demands and the capabilities, resources, or needs of the worker.
Now, human resources focus on the people side of management. [15] There are two real definitions of HRM (Human Resource Management); one is that it is the process of managing people in organizations in a structured and thorough manner. [15] This means that it covers the hiring, firing, pay and perks, and performance management. [15]
Interim management – Temporary business management resources; Knowledge management – Process of creating, sharing, using and managing the knowledge and information of an organization; Logistics – Management of the flow of resources; Operations management – In business operations, controlling the process of production of goods
Strategic human resource management is "critical importance of human resources to strategy, organizational capability to adapt to change and the goals of the organization"[citation?]. In other words, this is a strategy that intends to adapt the goals of an organization and is built off of other theories such as the contingency theory as well as ...