Human resource management (HRM) views individuals working within an organization as valuable assets, rather than simply costs. This perspective recognizes the potential of a skilled, motivated, and engaged workforce to contribute significantly to organizational success. For example, HRM practices like talent development programs and competitive compensation packages demonstrate a commitment to nurturing and retaining valuable personnel.
This people-centric approach fosters a positive work environment, leading to increased productivity, improved employee morale, and lower turnover rates. Historically, personnel management focused primarily on administrative tasks. The evolution to HRM signifies a shift towards a more strategic role, aligning human capital with organizational goals and recognizing the importance of investing in people for long-term growth and sustainability.