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Business is the practice of making one's living or making money by producing or buying and selling products. It is also "any activity or enterprise entered into for profit."
Human resources (HR) is the set of people who make up the workforce of an organization, business sector, industry, or economy. A narrower concept is human capital, the knowledge and skills which the individuals command. Similar terms include manpower, labor, labor-power, or personnel.
Human resource management is the strategic and coherent approach to the effective and efficient management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize employee performance in service of an employer's strategic objectives. Human resource management is primarily concerned with the management of people within organizations, focusing on policies and systems. HR departments are responsible for overseeing employee-benefits design, employee recruitment, training and development, performance appraisal, and reward management, such as managing pay and employee benefits systems. HR also concerns itself with organizational change and industrial relations, or the balancing of organizational practices with requirements arising from collective bargaining and governmental laws.
Human resource policies are continuing guidelines on the approach of which an organization intends to adopt in managing its people. They represent specific guidelines to HR managers on various matters concerning employment and state the intent of the organization on different aspects of Human Resource management such as recruitment, promotion, compensation, training, selections etc. They therefore serve as a reference point when human resources management practices are being developed or when decisions are being made about an organization's workforce.
Professional in Human Resources (PHR) is a certification in the human resource management profession. The certification, awarded by the Human Resource Certification Institute (HRCI), signifies that individuals possess the theoretical knowledge and practical experience in human resource management necessary to pass an examination demonstrating a mastery of the body of knowledge in the field. The Senior Professional in Human Resources (SPHR) is the senior-most human resources certification for those who have also demonstrated a strategic mastery of the HR body of knowledge.
The Society for Human Resource Management (SHRM) is a professional human resources membership association headquartered in Alexandria, Virginia. SHRM promotes the role of HR as a profession and provides education, certification, and networking to its members, while lobbying Congress on issues pertinent to labor management.
The human resource consulting industry has emerged from management consulting and addresses human resource management tasks and decisions.
A chief human resources officer (CHRO) or chief people officer (CPO) is a corporate officer who oversees all aspects of human resource management and industrial relations policies, practices and operations for an organization. Similar job titles include: chief people officer, chief personnel officer, executive vice president of human resources and senior vice president of human resources. Roles and responsibilities of a typical CHRO can be categorized as follows: workforce strategist, organizational and performance conductor, HR service delivery owner, compliance and governance regulator, and coach and adviser to the senior leadership team and the board of directors. CHROs may also be involved in board member selection and orientation, executive compensation, and succession planning. In addition, functions such as communications, facilities, public relations and related areas may fall within the scope of the CHRO role. Increasingly, CHROs report directly to chief executive officers and are members of the most senior-level committees of a company.
The Canadian Council of Human Resources Associations (CCHRA) is Canada's national human-resources body. It is responsible for establishing and maintaining national core standards for the human resources profession; fostering communication among participating associations; serving as the recognized resource on equivalency for human-resources qualifications across Canada and providing a national and international voice on human-resources issues.
Recognition Professionals International is a professional association which represents workers in the field of human resources. RPI aims to promote the role of human resources as a profession, and provides networking, education, certification in workplace recognition. RPI was better known as the National Association of Employee Recognition (NAER)—a name the association bore from its inception in 1998 until the change in 2007.
The Chartered Institute of Personnel and Development (CIPD) is an association for human resource management professionals. Its headquarters are in Wimbledon, London, England. The organisation was founded in 1913—it is the world's oldest association in its field and has over 160,000 members internationally working across private, public and voluntary sectors. Peter Cheese was announced in June 2012 as CIPD's new CEO from July 2012.
The International Public Management Association for Human Resources (IPMA-HR) is an organization that represents the interests of human resource professionals at the federal, state and local levels of government. IPMA-HR members include all levels of public sector HR professionals. The association's goal is to provide information and assistance to help HR professionals increase their job performance and overall agency function by providing cost effective products, services and educational opportunities.
The School of Management and Labor Relations (SMLR) is an industrial relations and professional school of Rutgers University. On June 19, 1947, New Jersey Governor Alfred Driscoll signed into law legislation which formally established the Institute for Management and Labor Relations (IMLR). In 1994 the Rutgers University Board of Governors approved a resolution that restructured IMLR as the School of Management and Labor Relations (SMLR). SMLR is housed at two locations on the Cook and Livingston campuses of Rutgers–New Brunswick.
Human resource planning is a process that identifies current and future human resources needs for an organization to achieve its goals. Human resource planning should serve as a link between human resource management and the overall strategic plan of an organization. Ageing workers population in most western countries and growing demands for qualified workers in developing economies have underscored the importance of effective human resource planning.
Kappa Omicron Nu (ΚΟΝ) is a college honor society, based in the United States, for students in human sciences. Kappa Omicron Nu chapters are located at colleges and universities that offer a strong human sciences program. Its mission is to promote empowered leaders through excellence in scholarship, leadership, and research in the human sciences. There is also a strong focus on service and contribution to the local community.
The Society for Human Resource Management Middle East and Africa is an entity in Dubai Knowledge Park. It is a wholly owned subsidiary of the Society for Human Resource Management (SHRM), a professional human resources association headquartered in Alexandria, Virginia. Being the largest association in the human resources field, SHRM promotes the role of HR as a profession and provides education, certification and networking to its members.
International School of Business & Media (ISB&M) is a group of private business schools in India, founded in 2000.
A human resources management system (HRMS) or Human Resources Information System (HRIS) or Human Capital Management (HCM) is a form of Human Resources (HR) software that combines a number of systems and processes to ensure the easy management of human resources, business processes and data. Human resources software is used by businesses to combine a number of necessary HR functions, such as storing employee data, managing payroll, recruitment, benefits administration, time and attendance, employee performance management, and tracking competency and training records.
Mark A. Huselid is a university professor, workforce management specialist, book author, and business consultant. He is the Distinguished Professor of Workforce Analytics at D'Amore-McKim School of Business, Northeastern University. He has authored research papers and books regarded as seminal to establishing a strategic link between human resource management and business performance.
Milton Steven Owor is a Ugandan human resource manager, corporate executive, predictive index psychometric analyst, Human resource consultant, and a certified professional executive coach. He is the Chief People and Culture Officer on the management of the National Social Security Fund (NSSF) Uganda. He is a board member of the Sprout Capital Investments. Owor is the president of Rotary Club of Kampala Maisha.
References
- ↑ Jonathan E. DeGraff (21 February 2010). "The Changing Environment of Professional HR Associations". Cornell HR Review. Archived from the original on 11 February 2012. Retrieved 21 December 2011.