Human Resource Management
Human resource management studies the management of people in organizations — recruiting, developing, rewarding, and retaining employees.
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Scope
It covers staffing and selection, training and development, compensation and performance, employment relations, and strategic HRM.
Core questions
- How should organizations manage their people?
- How are employees selected and developed?
- How do HR practices affect performance?
- How does HRM contribute to strategy?
Key concepts
- Recruitment and selection
- Training and development
- Compensation
- Performance management
- Strategic HRM
- Employment relations
Key theories
- Human relations
- Mayo's Hawthorne studies highlighted the human and social side of work.
- People as strategic resources
- Barney's resource-based view frames human capital as a source of sustained competitive advantage.
History
HRM evolved from personnel administration and the human-relations movement (Mayo) to strategic HRM grounded in the resource-based view (Barney).
Debates
- Best practices versus best fit
- Whether universal HR 'best practices' or context-specific 'best fit' drive performance.
Key figures
- Elton Mayo
- Jay Barney
Related topics
Seminal works
- mayo-1933
- barney-1991
Frequently asked questions
- What is strategic HRM?
- The alignment of human-resource practices with organizational strategy to build capabilities and competitive advantage.