Understanding Human Resources and HR Management: What Do These Terms Really Mean?

Definition of Human Resource

Human Resource refers to the individuals who make up the workforce of an organization, business sector, or economy. It is the collective term for the people who work for or are available to work for a company or organization.

Definition of Human Resource Management

Human Resource Management (HRM) is the strategic approach to the effective and efficient management of people in an organization. It involves the recruitment, selection, training, development, and compensation of employees, as well as ensuring compliance with employment and labor laws.

Good Day, below is the definition - hope it will help.

Definition of Human Resource Management

Human Resource Management (HRM) is concerned with the development and implementation of people strategies that are integrated with corporate strategies. It ensures that the culture, values, and structure of the organization, as well as the quality, motivation, and commitment of its members, contribute fully to the achievement of its goals.

HRM carries out the same functional activities traditionally performed by the personnel function, such as HR planning, job analysis, recruitment and selection, employee relations, performance management, employee appraisals, compensation management, training, and development. However, the HRM approach performs these functions in a qualitatively distinct way compared to Personnel Management.

Thank you for your immediate response. I would like to know what the fundamental meaning of Human Resource and Human Resource Management is.

Regards,
Srinivas B

In my view, the fundamental meaning of HR is to take care of the most needed resource in the organization, i.e., people. It aims to align individuals to bring out their best for the organization. Essentially, it involves managing individuals who contribute to the business, addressing their needs, demands, and expectations, filling in manpower gaps, and taking necessary steps through Performance Management Systems (PMS), engagement, and welfare initiatives to ensure that people are motivated to contribute in the best possible manner.

Understanding Human Resources and Human Resource Management

The human beings working for an organization are called Human Resources. Taking care of the well-being of human resources is called Human Resource Management. Human Resource Management comprises:

- Recruiting talent
- Making welfare policies and processes for employees
- Motivating employees to work through engagement activities
- Performance Management
- Payroll
- Handling separation of employees (resignation and retrenchment)

Hope this explanation is fundamental enough for you, Srinivas.

Thank you for your immediate comments. I would like to know what things are included in Human Resources.

Regards,
Srinivas B

Human resources are the manpower (human beings) that are utilized to achieve the goals of an organization.

Regards,
Jyoti Rana

HRM is the process by which employees and employers interact with each other to achieve common goals.

Jyoti

Attached is the KFA presentation on HRM for your reference.
Regards,
Srinivas

Human Resource Management Overview

Human resource management is a contemporary term used to describe the management and development of employees in an organization. A good human resources employee develops and manages their company’s culture. They recruit new hires, maintain benefits and payroll, mediate conflict, and engage in training and development. Their role is at the core of a company’s success.

Typical Daily Tasks of HR

Some typical daily tasks for an HR worker include:

- Consulting with employers to identify needs and preferred qualifications
- Interviewing applicants about their experience, education, and skills
- Contacting references and performing background checks
- Informing applicants about job details such as benefits and conditions
- Hiring or referring qualified candidates
- Conducting new employee orientations
- Processing paperwork
- Partnering with hiring managers to determine staffing needs
- Performing in-person and phone interviews with candidates
- Administering appropriate company assessments
- Performing reference and background checks
- Making recommendations to company hiring managers
- Coordinating interviews with the hiring managers
- Following up on the interview process status
- Maintaining relationships with both internal and external clients to ensure staffing goals are achieved
- Staying current on the company’s organization structure, personnel policy, and federal and state laws regarding employment practices
- Completing timely reports on employment activity
- Conducting exit interviews on terminating employees

What is Human Resource?

Human resources is used to describe both the people who work for a company or organization and the department responsible for managing resources related to employees. The term "human resources" was first coined in the 1960s when the value of labor relations began to garner attention and when notions such as motivation, organizational behavior, and selection assessments began to take shape. Human resource is one of the most essential resources for any organization and its development, especially if the organization is self-motivated and growth-oriented. Unlike the other essential resources that the organization works with, human resources are the most potential and capable of helping the organization grow and develop in the right direction.

What is Human Resource Management (HRM)?

Human resource management (HRM) is the strategic approach to the effective management of organizational workers so that they help the business gain a competitive advantage. Commonly known as the HR Department, it is designed to maximize employee performance in service of an employer's strategic objectives. HR is primarily concerned with the management of people within organizations, focusing on policies and systems. HR departments are responsible for overseeing employee benefits design, employee recruitment, training and development, performance appraisal, and rewarding (e.g., managing pay and benefit systems). HR also concerns itself with organizational change and industrial relations, that is, the balancing of organizational practices with requirements arising from collective bargaining and governmental laws.

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Definition of Human Resources

Human resources is used to describe both the people who work for a company or organization and the department responsible for managing resources related to employees. The term "human resources" was first coined in the 1960s when the value of labor relations began to garner attention and when notions such as motivation, organizational behavior, and selection assessments began to take shape.

Definition of Human Resource Management (HRM)

Human resource management (HRM) is the practice of recruiting, hiring, deploying, and managing an organization's employees. HRM is often referred to simply as human resources (HR). A company or organization's HR department is usually responsible for creating, implementing, and overseeing policies governing workers and the relationship of the organization with its employees. The term "human resources" was first used in the early 1900s, and then more widely in the 1960s, to describe the people who work for the organization, in aggregate. HRM is essentially employee management with an emphasis on those employees as assets of the business. In this context, employees are sometimes referred to as human capital. As with other business assets, the goal is to make effective use of employees, reducing risk, and maximizing return on investment.