Q.Define Human Resource Management (HRM).

HRM is the management function concerned specifically with the one resource among an organisation's men, money, machines, and materials that can think and make the others productive.

Human Resource Management (HRM) is the branch of management concerned with the human resource of an organisation. It is defined as the process of acquiring, developing, motivating, and maintaining employees, so that the objectives of the organisation are achieved effectively, while at the same time employees are helped to achieve their own personal goals.

A fuller way to state it: HRM is the planning, organising, directing, and controlling of the procurement, development, compensation, integration, maintenance, and separation of human resources, so that individual, organisational, and societal objectives are all accomplished together. HRM treats the workforce not as a mere cost to be minimised, but as a valuable resource — human capital — to be invested in and developed.

Defining HRM only as "hiring and firing employees" — this captures just the procurement/separation piece and misses the development, compensation, integration, and maintenance activities that are equally central to HRM's meaning.