Leverage the Power of Human Resource Management

Human resource management is not a new concept, but it surely is an ever-evolving one. Seeds of HRM started showing in the early post-industrial economy. While in the industrial age, machine was the god of all things, it wasn't long before the value of human resource emerged strong. People soon realized that technological advancements will not guarantee success as comparison to what human beings do. No company can work without human power.

Hence managing human resource surfaced as an important aspect for all companies. And this led to the evolution of HRM. There are three main HRM functions: attracting a quality workforce, developing a quality workforce, and maintaining a quality workforce. The intent of this whitepaper is to explore the functions of HRM and its impact on businesses today.