Human Resources Management
Human Resource Management (HRM) is the term used to describe formal systems devised for the management of people within an organization. The responsibilities of a human resource manager fall into three major areas which are as followings: Staffing, Employee Compensation and Benefits, and Defining/Designing Work.
Essentially, the purpose of Human Resource Management (HRM) is to maximize the productivity of an organization by optimizing the effectiveness of its employees. This mandate is unlikely to change in any fundamental way, despite the ever-increasing pace of change in the business world. As Edward L. Gubman observed in the Journal of Business Strategy, the basic mission of human resources will always be to acquire, develop, and retain talents; align the workforce with the business; and be an excellent contributor to the business. Those three challenges will never change.