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The Definition Of Human Resource Management (HRM)

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Definition of Human Resource Management (HRM) The term Human Resource Management was a subject of a debate over years concerning its philosophy and characters. There is no widely accepted definition, however below are some definitions of HRM that can be useful in identifying its philosophy and use. 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) The purpose of HRM is to ensure that 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 …show more content…

Such challenges include: 1. Workplace diversity: It consists of issues related to age, education, ethnicity, gender, income, marital status, physical limitations, religion, and sexual orientation. HR personnel have to understand the challenges that may arise by the interaction of any of these diverse groups, as well as the required openness of the company toward such groups, in order to provide assistance in training employees to accept those they may consider “different, "and treat each other respectfully, even if they don't agree over various issues. 2. Change management: HR departments are facing this challenge. They have to deal with their own changing roles in the organization, changes to other jobs, the overlapping responsibilities, and more. 3. Compensation and benefits: Due to the bad economic situation and the limited financial resources of the corporate, the compensation and employee benefits become an issue of concern that every business must deal with. The procedures taken by the corporate should be acceptable for the employees, and moral boosting incentives should be provided to make the changes less

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