human resource management

(redirected from Human Capital Management)
Also found in: Acronyms.

human resource management (HRM)

The management of people in an organization. This term for people management is increasingly preferred to PERSONNEL MANAGEMENT. Operationally, human resource management (HRM) has a similar focus to personnel management: RECRUITMENT AND SELECTION, PAYMENTS SYSTEMS, TRAINING etc.

However, HRM is often seen to be qualitatively different to personnel management. The notion of people as a resource implies a sophisticated approach to getting the most out of this factor of production. This may include the nurturing of HUMAN CAPITAL, and may therefore involve a ‘people-centred’ approach to management. Some critics, however, see such an approach as manipulative and ‘hard-edged’. A further claim is that HRM has a closer link to BUSINESS STRATEGY than traditional personnel management, and is also more focused on achieving key business outcomes, such as profits. In some countries (though not generally the UK), HRM is contrasted with INDUSTRIAL RELATIONS, and is seen as being anti-TRADE UNION. However, some critics argue that HRM is little more than personnel management with a trendy new name.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
This Human Capital Management market report covers a comprehensive analysis of macro and microeconomic factors that are shaping the industry trend for short, mid and long-term.
Legal: Organizations attuned to human capital management tend to treat risk management more holistically, and work to minimize the risk of legal action based on unfair treatment or discrimination towards employees.
Ascentis helps organisations improve their human resources and payroll functions by offering an all-in-one human capital management solutions suite, including recruiting, HRIS, benefits administration, performance and learning management, payroll and workforce management modules
Human capital management and innovation have both defined KPIs into categories or dimensions with analytics questions for how to apply these metrics and recommended "good" practices.
Alba will be felicitated along with other award winners during the Human Capital Management Excellence Conference 2019 next January in Florida, US.
Chetu's award-winning software development solutions span the entire Human Capital Management Industry including ACA Compliance, Employee Training Management, HRMS & HRIS, Onboarding, and Recruitment.
Summary: Regional IT systems integrator Finesse has announced that it will provide its human capital management (HCM) solution to Emirates Investment …
(NYSE:PAYC), a provider of comprehensive, cloud-based human capital management software, has opened its latest sales office in Long Island, N.Y., broadening Paycom's total number of sales teams to 45 nationwide, the company said.
The acquisition, which coincides with the expansion of MenaITech's services, further expands the company's portfolio to cover outsourcing and human capital management consulting.
a management and technology consulting firm focused on implementing Oracle Enterprise Resource Planning (ERP) and Human Capital Management (HCM) solutions, the company said.
Krishamoorthy, a SAP ERP HCM (Human Capital Management) functional consultant, author, and speaker, et al.

Full browser ?