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HRM
The abbreviation or full form of HRM is Human Resource Management
Human Resource Management is a managerial function which facilitates
the effective utilization of people in achieving organizational and individual goals. Thus Human Resource Management can be best defined as the part of management which is concerned with the people at work and with their relationship with an enterprise.
HRM aims to bring together and develop into an effective organization of the men and women who make up an enterprise and having regard for the well-being of the individuals and of working groups, to enable them to make their best contribution to its success.
Functions of HRM –
Managerial Functions –
- Planning
- Organizing
- Directing and
- Controlling
Operative Functions –
- Acquisition
- Development
- Integration
- Maintenance
- Compensation