Human Resource Management (Known as HRM) is the management of human capital within an organization. HR Managers are responsible for the pay, training, and attraction of current and future employees. It is through the human resource management team that organizations and businesses are able to keep track of their most valuable resource: human capital.
Human resource management is constantly changing. Globalization, technology, diversity, e-commerce, and ethics are all changing the way that HR managers organize human capital. Technology is becoming a hot topic for ethics issues; the advancement of social media has created a distraction for many workers. It is the job of the human resource management team to regulate the use of social media within company means. There is also an ever-changing demand for international HR management and domestic HR management. Both of these management strategies have their strengths, weaknesses, and challenges at the management and worker levels.
Human resource management can also be explored using case studies. For example, car manufacturers like Mercedes-Benz USA all the way to volunteer and not-for-profit sports associations all require efficient and innovative HR techniques in order to attract and retain the best human capital they can afford. HRM needs to motivate employees. Employees need to feel like they are part of something bigger than just a job. HR managers need to build empowerment among employees, create team cohesion, ensure assimilation of diversity, and follow employment laws to guarantee meaningful and safe employment.
Human resource management spans a wide area, which often includes leadership skills, compensation strategies, and managing people and teams. It is important that HR managers are trained and certified in order to keep uniformity among organizations and to uphold the principles of law. As such, the study of HR management is comprehensive and incorporates several disciplines.