Foundations of Modern HRM
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Foundations of Modern HRM
Human Resource Management (HRM) is the strategic and operational management of the people who work in an organisation. Modern HRM has moved far beyond simply processing payroll — it is now a business partner function that shapes culture, capability and competitive advantage.
In this lesson you will learn
- The four core functions of HRM: talent acquisition, development, engagement and retention
- How HR has evolved from "personnel administration" to strategic business partnering
- Why people strategy must be aligned to business strategy
- The difference between HRM and human resource development (HRD)
Why HRM matters
Organisations that manage their people well consistently outperform their peers in productivity, innovation and profitability. People are the only resource a business has that can appreciate in value over time when managed well.
Key takeaway: HRM is about getting the right people, in the right roles, doing the right things, at the right time — and keeping them engaged and growing.
Throughout this course we will build on these foundations with workforce planning, recruitment, performance, compensation and people analytics. Take the module quiz at the end to track your progress.