Human Resource Management (HRM or HR) is the strategic approach to an effective management of people in a business so that they help it gain a competitive advantage. HR is designed to maximize employee performance of an employer's strategic objectives, and is primarily concerned with the management of people within businesses, focusing on policies and systems.
HR professionals manage the human capital of a business and focus on implementing policies, processes and procedures. They can specialize in recruiting, training, employee-relations or benefits.
Human Resources Departments are responsible for overseeing employee-benefits design; employee recruitment; training and development; performance appraisal, and managing pay and benefit systems. HR Dept’s also deal with organizational change and industrial relations, that is, the balancing of a business’s practices with requirements arising from collective bargaining as well as from governmental laws.