Summary Human Resource Management - HRM

Summary Notes on Human Resource Management (HRM)
1. Definition of HRM

Human Resource Management (HRM) is the strategic approach to managing an organization's workforce
to maximize productivity, ensure employee satisfaction, and achieve business goals. It involves
recruitment, training, performance evaluation, compensation, employee relations, and compliance with
labor laws.



2. Functions of HRM

A. Staffing (Recruitment & Selection)

 Job analysis and design

 Workforce planning

 Recruitment strategies (internal & external hiring)

 Selection methods (interviews, tests, assessments)

B. Training & Development

 Employee onboarding

 Skill enhancement programs

 Leadership development

 Career growth planning

C. Performance Management

 Setting goals and key performance indicators (KPIs)

 Employee appraisals and feedback systems

 Reward and recognition programs

D. Compensation & Benefits

 Salary structures and payroll management

 Bonuses, incentives, and perks

 Retirement plans and insurance benefits

E. Employee Relations & Workplace Culture

 Conflict resolution and grievance handling

 Diversity, equity, and inclusion initiatives


Page 1 of 4