Trends in Hrm

Human Resource Management:- Human Resource Management (HRM) is the function within an organization that focuses on recruitment of, management of, and providing direction for the people who work in the organization. HRM can also be performed by line managers. HRM is the organizational function that deals with issues related to people such as compensation, hiring, performance management, organization development, safety, wellness, benefits, employee motivation, communication, administration, and training. HRM is also a strategic and comprehensive approach to managing people and the workplace culture and environment. Effective HRM enables employees to contribute effectively and productively to the overall company direction and the accomplishment of the organization's goals and objectives. HRM is moving away from traditional personnel, administration, and transactional roles, which are increasingly outsourced. HRM is now expected to add value to the strategic utilization of employees and that employee programs impact the business in measurable ways. The new role of HRM involves strategic direction and HRM metrics and measurements to demonstrate value.

Significance of HRM can be discussed at four levels which are as follows:

1. Corporate Level: - For an enterprise effective HRM leads to attainment of its goal efficiently and effectively. HRM helps enterprise in the following ways.
a. Hiring required skill set and retaining them through effective human resource planning, recruitment, selection, placement, orientation and promotion policies.
b. Development of employees by enhancing necessary skills and right attitude among employees through training, development, performance appraisals etc.
c. HRM also takes care of optimum utilization of available human resource.
d. HRM also ensures that organization has a competent team and dedicated employees in future.

2. Significance at