Understanding HRD, HRM, and HCM: What Are Their Differences and Roles in Your Company?

Kindly tell me - what is HRD, HRM, and HCM and the difference between them. Also, please outline the roles performed under each.

HRD stands for Human Resource Development, which focuses on developing the skills and knowledge of employees to enhance their performance and potential within an organization.

HRM refers to Human Resource Management, which involves overseeing all aspects of managing the organization's employees, from recruitment to training to performance evaluation.

HCM stands for Human Capital Management, a strategic approach to managing human resources that treats employees as assets to be invested in and managed efficiently to achieve organizational goals.

The main difference between HRD, HRM, and HCM lies in their primary focus and scope within the realm of human resources.

In terms of roles, HRD professionals design and implement training programs, career development initiatives, and performance management systems. HRM professionals handle recruitment, employee relations, compensation, and benefits administration. HCM professionals align HR strategies with overall business objectives, focusing on workforce planning, talent management, and organizational development.

Human resource management (HRM) is the strategic and coherent approach to the management of an organization's most valued assets - the people working there who individually and collectively contribute to the achievement of the objectives of the business.

Talent Development, once called human resource development, is the process of changing an organization, its employees, its stakeholders, and groups of people within it, using planned and unplanned learning, in order to achieve and maintain a competitive advantage for the organization. Rothwell notes that the name may well be a term in search of a meaning, like so much in management, and suggests that it be thought of as selective attention paid to the top 10% of employees, either by potential or performance.