Review of Human Resource Management: Key Concepts and Skills by Phil B. Beaumont

Аннотация

Human Resource Management, HRM, is a comparatively new term. It refers to a basic philosophy, a way of doing things, which values people as assets, that is, human resources. Traditionally, all management may be a businessman, a government administrator, or a university dean, and is carried on with a view to making profits or achieving the given goals or fulfilling certain prescribed functions. They pursue the above goals or activities by seeing different factors as resources like raw materials, financial resources, and technologies. On the other hand, HRM is an approach in which sufficient attention is paid to the most valuable assets of the organizations, that is, the workforce. We know that all factors in production management are subject to fast changes, but human factors are sometimes unpredictable and subject to rapid changes.