Human resource management (HRM) is a critical function that involves managing an organization's most valuable asset - its people. Effective HR management involves developing and implementing strategies that align with the organization's goals and objectives, while also ensuring compliance with legal and regulatory requirements.
Strategic HR management begins with workforce planning, which involves identifying the organization's current and future staffing needs. This entails analyzing the skills, competencies, and qualifications necessary for diverse roles and devising recruitment and retention strategies to allure and retain top talent.
Once employees are onboarded, HR management involves providing support and guidance to ensure their success. This encompasses the development and implementation of policies and procedures fostering a positive work environment, including initiatives for performance management, employee engagement, and diversity and inclusion.