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Human Resource Management. Human Resource Management (HRM) is the term used to describe formal systems devised for the management of people within an organization. The responsibilities of a human resource manager fall into three major areas: staffing, employee compensation and benefits, and defining/designing work.
The term human capital management (or HCM) represents the entire range of practices and processes for managing people in an organization â which is a superset of talent management (see  Talent Management  for more information).