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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.
HRM is strategy-focused, i.e., by itself it is strategic in nature. HRM at strategic level is SHRM.â This is an extra brief definition of the strategic management of the people agenda in the organization. SHRM always covers the topics of the organizational effectiveness and the competitive advantage.