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Human resource management:
Human Resource popularly known as HR is defined as an expression of a managerial belief in the employee element of that organization success. The expression is purely used to put into place a strategy to drive innovation, productivity and share price by encouraging the workforce toward excellence. Human resource is also at times referred to as human resource management (HRM). It is basically the process of employee management with emphasis on the employees as assets of the business. The process includes recruitment/hiring/talent acquisition, providing proper induction and orientation, offering training and development skills, performance appraisal of the employees, making the employees aware of the compensation and benefits, motivating and maintaining public relations and also maintaining the employees’ safety. In technical terms, HRM is referred to as strategic approach that manages the relationships among employees while putting an emphasis on leveraging people’s abilities and potentials to achieving competitive advantage which can be attained through a distinctive set of employment programs, policies, and practices.
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