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Human resource management (HRM) is the practice of managing people and job structures within an organization to achieve organizational goals and objectives. HRM includes strategies and practices to maximize and achieve the current and future resources of an organization. Human resource management involves understanding the human issues within the business of the organization, including work patterns, personnel requirements, and training. It also includes policies that dictate the benefits of employees, defining to whom the organization belongs. HRM is similar to industrial relations in that both are strategies and methods that organizations use to create certain benefits for their employees.
Professional associations such as the American Academy of Personnel Management, the Association of Personnel Management, the Human Resources Certification Institute, and the Society for Human Resource Management, provide standards, credentials and certifications for professionals involved in management of people.
Human resource management in high technology companies
HRM in high technology companies generally has a purpose similar to that of corporate finance management. The two parties are: 1) the company as an organism and 2) the people that are located within the company.
High Technology companies are organizations that are involved in the design, development, and marketing of hardware or software products. These organizations are usually defined by their role in the technological revolution and organizational structure. Most high technology companies are defined as "product-oriented." This means that they are involved with a product. If the product is a service, the high technology company is more often referred to as a "service provider". For example, a product-oriented company may be a software company or hardware company.
The employees are there to provide the company with specific skills that the company needs to provide the product or service. These skills may include legal, accounting, marketing, manufacturing, and many more. These employees are what create the product or service that the company provides. The product is what a company sells.
High technology companies are organizations where the primary interest of the company is in the product. The value or worth of the company is in the product. This is known as "worth" and "value". The people within the organization are a by-product of the people that create the product.
Professional associations in High-Technology organizations include the Society for Human Resource Management, the American Society for Training and Development, the Society for Human Resource Management, the International Society for Performance Improvement, the Association of Human 0b46394aab