ENTREPRENEURSHIP

Detailed explanation-1: -Human resource management is the strategic approach to nurturing and supporting employees and ensuring a positive workplace environment. Its functions vary across different businesses and industries, but typically include recruitment, compensation and benefits, training and development, and employee relations.

Detailed explanation-2: -HRM deals with management principles and mainly emphasises the employees. HRD focuses on an ongoing developmental purpose of the entire organisation in a formal pattern. It is a reactant function dealing with management. It stands for proactive functions, which act as a subset of HRM.

Detailed explanation-3: -Why do we call it as Human Resource Management? Human: refers to the skilled workforce in an organization. Resource: refers to limited availability or scarce. Management: refers how to optimize and make best use of such limited or scarce resource so as to meet the organization goals and objectives.

Detailed explanation-4: -Other terms sometimes used to describe the HRM field include “organizational management", “manpower management", “talent management", “personnel management", “workforce management", and simply “people management".

Detailed explanation-5: -What is the difference between HR and HRM? HR stands for Human Resource and HRM stands for Human Resource Management. Human Resource or HR is used to define the set of people who manage the resources related to employees in an organisation.