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Human Capital resource
Hello my friend Bello
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Human Resource Management, the abbreviation HRM is used. It includes all management and human resource development processes. Sometimes it is simply referred to as human resources.
It is a concept of personnel work had began to form approximately in the 50’s to 60’s of the last century.
Human Resource Management in practice: Personnel administration and personnel management were the forerunners of this concept. Human resource management has shifted the importance of people in the organization as the most important corporate resource, not only as a component in personnel records. It thus emphasizes the managerial and conceptual activities. Human Capital Management (HCM) is the follower of this concept, which puts even more emphasis on human knowledge for the organization and its systematic development and strengthening.
Human resource management involves a number of different processes and management methods for work with people and their development in the organization. Human resource management is not limited to the CHRO and other staff of personnel department but it concerns practically all managers in the organization. HRM is closely linked to organizational management.
Organizational structure and personnel administration Staff training and qualification development Staff records Social programs Employee benefits Personnel planning -
HUMAN RESOURCE SYSTEMS
Human resource management operates through human resource systems These bring together in a coherent way:
l HR philosophies, describing the overarching values and guiding principles
adopted in managing people;
l HR strategies, defining the direction in which HRM intends to go;
l HR policies , which are the guidelines defining how these values, prin-
ciples and strategies should be applied and implemented in specific areas
of HRM;
l HR processes, consisting of the formal procedures and methods used to
put HR strategic plans and policies into effect;
l HR practices , consisting of the informal approaches used in managing
people;
l HR programmes, which enable HR strategies, policies and practices to be
implemented according to plan.
