Differences between HRM and SHRM.docx - Difference Between HRM and SHRM Last updated on by Surbhi S The term HRM expands to Human Resource Management it

Differences between HRM and SHRM.docx - Difference Between...

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Difference Between HRM and SHRM Last updated on January 20, 2018 by Surbhi S The term HRM expands to Human Resource Management; it implies the implementation of management principles for managing the workforce of an organization. It is concerned with the process of hiring, developing and retaining the manpower, with a view to making them more efficient. When conventional HRM is compared and contrasted with the strategic HRM or SHRM, it becomes easier to understand. SHRM is the process of aligning the business strategy with the company’s human resource practices, so as to attain strategic goals of an organization. In SHRM, the workforce of the company is managed proactively. Take a glance at the article presented here that explains the difference between HRM and SHRM. Content: HRM Vs SHRM
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1. Comparison Chart 2. Definition 3. Key Differences 4. Conclusion Comparison Chart BASIS FOR COMPARISON HRM SHRM Meaning Human resource management (HRM) implies the governance of manpower of the organization in a thorough and structured manner. SHRM is a managerial function which implies framing of HR strategies in such a way to direct employees efforts towards the goals of organization. Nature Reactive Proactive Responsibility lies with Staff specialist Line manager Approach Fragmented Integrated Scope Concerned with employee relations Concerned with internal and external relations Time horizon Short term Long term Basic factor Capital and products People and knowledge Change Follows change Initiates change Accountability Cost center Investment center Control Stringent control over employees It exhibits leniency.
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Definition of HRM Human Resource Management or HRM is simply the process of managing human resources, in a systematic way. It is a practice devised to maximize the performance of employees, i.e. to make them more efficient and productive. It is concerned with the application of principles of management to manage organization
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