HRM vs PM Flashcards
What is HRM
HRM is a very important aspect of organizational management as it means dealing with people who differ physically and psychologically
What does Armstrong, 2017 define HRM as
“A strategic approach to the management of an organization’s most valued assets - the people, who individually and collectively contribute to the achievement of its objectives”
Armstrong states that HRM is concerned with the employment, development and reward of people in organizations and the conduct of relationships between management and the workforce
What are the focuses of HRM
Focus on the organization and the employees
Integrated policies with overall business plan
Strategic- long term
Recruitment & selection
Training and development
Pay & rewards PRP
Motivate (access performance & reward)
Productivity
Flexibility
Employee is seen as an asset
What is PM
PM refers to the administrative function of managing an organization’s workforce. Ensuring effective utilization of human resources to achieve organizational objectives. PM focuses primarily on the administrative aspects of managing employees, including recruitment, training, payroll and compliance with employment laws and regulations.
What are the focuses of PM
Focuses on the organization
Stand-alone policies
Tactical - short term
Hiring
Training
Pay
Maintain
Profit
Rigid
Employee is seen as an expense
Why change fromPM to HRM
Standard of education increased
Employees expectations of better working conditions and treatment from employers
Today’s employees are more likely to take interest in the organization
Employees want to be involved in the day to day decisions
The organization needs to be capable of changing in line with the external environment- only with co-operation of employees
Differences between PM and HRM
More emphasis on strategic fit between employee and employer
Attaches more importance to the management of the organizational culture and the achievement of commitment
HRM treats employees as assets rather than expenses
There is a holistic approach brining together the objectives of the organization and the objectives of the employees
