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Learn about the history, theory, and practice of human resource management (HRM), the strategic and coherent approach to the effective and efficient management of people in an organization. Explore the roles, functions, and challenges of HR professionals and the impact of HRM on business performance and competitive advantage.
Learn about the process and stages of strategic human resource planning, which identifies current and future human resources needs for an organization. The three key elements of the HR planning process are forecasting labour demand, analysing present labour supply, and balancing projected labour demand and supply.
Learn about the definition, principles, processes and applications of strategic management, a field of management that involves formulating and implementing the major goals and initiatives of an organization. Explore different models, frameworks and perspectives on strategy, as well as the environmental analysis and strategic decisions involved.
Human resources (HR) is the set of people who make up the workforce of an organization, business sector, industry, or economy. HR department performs human resource management, overseeing various aspects of employment, such as hiring, evaluating, compensating, and developing employees.
The resource-based view (RBV) is a managerial framework that focuses on the firm's internal resources and capabilities to achieve sustainable competitive advantage. RBV proposes that firms are heterogeneous and can adopt different strategies based on their resource mix, and that resources should be valuable, rare, imperfectly imitable and non-substitutable (VRIN criteria).
Learn what talent management is, how it evolved, and how it is implemented in different organizations. Find out about talent recruitment, evaluation, retention, and marketplace, and how they relate to business strategy and human resource planning.
Strategic planning is an organization's process of defining its strategy or direction, and making decisions on allocating its resources to attain strategic goals.. Furthermore, it may also extend to control mechanisms for guiding the implementation of the strategy.
A human resource management system (HRMS) is a software that combines various HR functions, such as payroll, benefits, recruitment, and performance management. Learn about the history, functions, and features of HRMS and how it differs from ERP and HCM systems.