Human Resource Management: A brief synopsis
Human Resource Management: A brief synopsis Human Resource Management (HRM) can be defined as an established key function that caters to the most valuable asset of an organisation; its human capital otherwise known as its People. HRM can be dated back to the 18th century and it continues to prevail today; necessitating its strong intervention in an era where globalisation, changing market trends and regulatory factors are at its peak ( Guest, 1997; Griffin, 2006 ). HRM processes contain but are not limited to recruitment, retention, training, continuous development, performance management, talent management, employee remuneration and benefits management ( compensation and incentives ), including employee relations (Juneja, n.d.). Likewise, HRM specialists are responsible to influence and motivate employees/key talents in order to drive for optimal levels of organisational success; as human knowledge, skills and competencies are crucial elements required to sustain Busi...