definition of HRM :also known as Human Resources, can
be regarded as the people management department
within a business organization . The primary purpose of HRM is to ensure people resources are effectively managed , supported and developed in order to improve performance, maximizing return on investment
difference between HRH , HCM and KM
HRM, HCM, and KM are different concepts related
to managing and leveraging various aspects of an organization but first we define the HCM and KM HCM:( Human Capital Management) is a comprehensive approach to managing an organization's workforce with a strategic perspective
KM: (knowledge management) it refers to the
process of identifying, capturing, organizing, storing, and distributing an orgnization's knowledge assets to enhance its efficiency, innovation and decision- making . the differences: HRM (Human Resources Management): Focus: HRM deals with the management of an organization's workforce, including employees, their recruitment, training, performance evaluation, benefits, and handling workplace issues. Purpose: The main purpose of HRM is to ensure that an organization's human capital is effectively utilized, motivated, and aligned with the company's goals HCM (Human Capital Management): Focus: HCM extends the scope of HRM to include a strategic approach to managing and maximizing an organization's human capital. It involves viewing employees as valuable assets. Purpose: HCM aims to align the organization's workforce with its strategic goals, focusing on skills development, talent acquisition, and employee engagement to enhance overall performance. KM (Knowledge Management): Focus: KM revolves around the identification, creation, sharing, and effective utilization of knowledge and information within an organization. Purpose: KM aims to capture, organize, and make knowledge readily accessible to employees to enhance decision-making, innovation, and problem-solving. In summary, HRM primarily deals with the management of personnel and employee-related functions, HCM takes a broader and more strategic approach by considering human capital as a key asset, and KM is concerned with managing knowledge and information across the organization to improve decision-making and innovation. These concepts can overlap and complement each other in practice, as effective knowledge management can benefit HR functions, and strategic human capital management can be supported by well-structured knowledge management practices.