WHAT IS HUMAN RESOURCE MANAGEMENT? HRM is the study of activities regarding people working in an organization. It tries to match an organization’s needs to the skills and abilities of its employees. Since mid 1980’s Human Resource Management (HRM) has gained acceptance in both academic and commercial circle
DEFINITION Human Resource Management (HRM) can be defined as the art of procuring, developing and maintaining competent workforce to achieve the goals of an organization in an effective and efficient manner.
Differences between HRM and HRD The biggest distinction between HRM and HRD is HRM only deals with people. Contrarily , HRD deals with developing and enhancing the whole organization in almost all aspects.
Differences between HRM and HRD
Key difference between HRD and HRM One of the main differences between HRD and HRM is that the former applies management principles on a routine basis for the proper management of organizational employees. The latter refers to a continuous development function that is performed continuously with the intent of improving the performance of those working in an organization. HRM is a reactive management function, while HRD stands for proactive tasks that are a subset of HRM. HRM aims to fulfill the various demands that keep on arising in an organization, while HRD meets up with the ever-changing needs of employees by anticipating them beforehand.
Key difference between HRD and HRM Another way to differentiate between HRM and HRD is that the objective of HRM lies in improving the efficiency of all employees, while HRD deals with increasing the knowledge, skills, and overall competency of those working in the organization. HRM is an independent entity and function and has different roles to play in comparison to HRD that is a subsystem of HRM and a dependent task.