Human Resource Management

The goal of human resource management is to help an organization to meet strategic goals by attracting, and maintaining employees and also to manage them effectively. The key word here perhaps is “fit”, i.e. a HRM approach seeks to ensure a fit between the management of an organization’s employees, and the overall strategic direction of the company (Miller, 1989).

It can  be also defined as the branch of management which directly deals with the resources of organization.The term resource means human capital which is also considered as the asset for the company. Human resource management is practiced in every organization to manage the employee in a better way. The fierce competition in the market starts a new war of skillful human capital, organization having employees with rich and unique skills lead the industry.

In past assets like land, building, animals, gold etc are considered more important then human beings. As time passes organization strategy regarding resources totally shifted towards human capital. People came to know that every organization can have the land, building, technology, cash and etc but the thing which differentiate one organization from another are human resources with rich skills and talent. Managing the employees are considered an important function because competitors always willing to fetch best resource from your human capital.