What drives the performance of organizations?
human resources, human capital, intellectual assets, and talent management imply that people drive the performance of their organizations (along with other resources, such as money, materials, and information
Human Resources Management
Successful organizations are particularly adept at bringing together different kinds of people to achieve a common purpose. This is the essence of human resources management
HRM
HRM involves a wide variety of activities, including analyzing a company’s competitive environment and designing jobs so that a firm’s strategy can be successfully implemented to beat the competition fairly and ethically
HRM
identifying, recruiting, and selecting the right people for those jobs; training, motivating, and appraising these people; developing competitive compensation policies to attract and retain them; grooming them to lead the organization in the future
Workforce planning and employment
involves responsibilities such as fullcycle recruitment, promotions, and terminations
HR development
covers training and development responsibilities
total rewards specialization
involves compensation planning, such as crafting job descriptions, conducting performance evaluations, completing job analyses, and reviewing compensation surveys; also covers jobs that specialize in benefits, whether it be developing a benefits plan, communicating with vendors, administering benefits plans, and further benefits-related tasks