Human Resource Management (HRM) is the branch of management concerned with the management of an organization’s most vital resources: the people who, individually and collectively, contribute to the organization’s growth and development. Formerly known as “people management”, HRM is basically concerned with staffing, developing people’s skills, retaining and compensating them according to their individual performance and the requirements of the organization.
The HRM discipline is an academic theory that believes that employees are individuals with different needs and goals, and cannot be considered only as production resources. The discipline takes a positive view of employees and seeks to align their personal goals with those of the organization, leading to the development of the two in synergy. To this end, HRM also seeks to provide employees with the appropriate training and mentoring so that they gain an understanding of the organization’s typical processes and systems.
HRM in modern organizations includes activities related to workforce planning, talent recruitment, induction or onboarding, training and development, and compensation and performance appraisal. HRM can also be extended to cover travel management, employee relations, and employee benefits administration.
At the top level, HRM strategy deals with the best ways to implement HRM policies. While an organization’s HRM policies may cover various aspects, such as recruiting, training, appraisals, and compensation, an overall strategy is required to align all areas of HRM.
Several universities offer programs for the study of HRM. Cornell University created the first institute for the study of HRM at the university level, the School of Industrial and Labor Relations. Since then, several US universities have started courses for the study of HRM. Some of these include the University of Minnesota, Michigan State University, and Ohio State University.
HRM can include jobs that cover general HRM functions or specialized HRM functions. There may be careers just related to recruitment and placement, or there may be positions just training development managers. Compensation and benefits tasks are sometimes handled by compensation analysts or salary administrators.
In addition to the regular graduate universities that offer programs in HRM, there are a host of other courses available for managers who wish to upgrade or take refresher courses to improve career options or simply improve their knowledge of the subject. Postgraduate diploma programs are available at various eminent universities. These deal with new innovations in the field of HRM and familiarize people with the latest developments in the field.
For busy managers, some part-time human resource management courses are also available. These can be served in the evenings or on weekends. A valuable option for those who cannot take time off from their regular jobs, the part-time course curriculum should be carefully considered before the decision to enroll is made. Make sure the syllabus suits your training needs before you enroll. Also, check the reputation of the organization before joining. It is important that you leave the course achieving your goals.