Is the strategic approach to managing an organization’s most valuable asset its people.
Human resource management (HRM) is the strategic approach to managing an organization’s most valuable asset—its people. It involves recruiting, hiring, training, and developing employees while ensuring compliance with labor laws and fostering a positive work environment. HRM also includes performance management, compensation and benefits administration, employee relations, and workplace safety. The goal of HRM is to align human capital with organizational objectives, boost employee productivity and engagement, and maintain a motivated workforce to drive overall business success.
HR Policy framework refers to a structured set of guidelines and principles established by an organization to govern human resources practices and procedures. It includes policies related to recruitment, compensation, benefits, performance management, employee relations, and compliance with labor laws. The framework ensures consistency and fairness in managing employees, aligns HR practices with organizational goals, and provides a clear reference for decision-making. A well-defined HR policy framework helps in maintaining legal compliance, enhancing employee satisfaction, and supporting effective human resource management.
Organizational training refers to structured programs and activities designed to improve employees’ skills and knowledge in alignment with the goals and needs of the organization. This type of training focuses on enhancing overall workforce capabilities, fostering professional development, and ensuring that employees are well-equipped to contribute to the organization’s success. It includes onboarding for new hires, leadership development, skills enhancement, and compliance training. Organizational training aims to increase productivity, support strategic objectives, and build a skilled and adaptable workforce.
A Performance Management System is a structured approach used by organizations to evaluate and improve employee performance. It involves setting clear performance goals, regularly assessing progress, providing feedback, and conducting performance reviews. The system helps align individual objectives with organizational goals, identifies areas for development, and supports career growth. Effective performance management systems also facilitate recognition and rewards, address performance issues, and enhance overall productivity and employee engagement.
