Human Resource Management (HRM) is the process of managing people in organizations in a structured manner. This covers the fields of staffing (hiring people), retention of people, pay and perks setting and management , performance management, change management and taking care of exits from the company.
Definition:
In the words of Flippo, HRM is the planning organizing, directing, and
controlling of the procurement, developments, compensation, integration and maintenance and separation of human resources to the end that individual, organizational and societal objective are accomplished. Function of HRM: Principles of HRM: