The Matching Model and the Resource-Based Model: A Comparison Human resource management (HRM) is centered in managing the valued assets of an organization. Valued assets of an organization are called resources. Employees are considered a resource. People who are working for the organizations add value to the organization by collectively contributing to the attainment of the organization’s business objectives. Human resources require human resource management. The old term for managing human resources was personnel management. Personnel management is a one-dimensional definition of the process organizations used to manage their employees. The acronym Human Resource Management (HRM) replaced personnel management in the 1970s. HRM is a...The end:
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