What is the difference between HRM and HRD ? | What is HRM?

What is the difference between HRM and HRD ?

HRM or Human Resource Management is an organizational function that has been introduced for maximizing the performance of the employees. HRM focuses on policies and systems and deals primarily in the manner in which people are managed within organizations. HRM deals with a number of activities such as employee training, recruitment, performance appraisals. HRM must also make sure that organizational practices are kept in line with the rules and regulations of governmental laws, thereby ensuring a balance between industrial relations as well.

Earlier HRM was defined by duties such as benefits and payroll administration and transactional work whereas today with globalization, HRM has come to focus upon strategic initiatives such as talent management, succession planning, industrial and employee relations.

Universities, higher educational institutes all over the world have introduced various courses and degrees that will allow individuals to gain the necessary knowledge needed for this field. In order to be qualified for a position in HRM, one needs to possess educational qualifications befitting their position.

Differences between HRD and HRM?

HRD and HRM are both deal with human resources of a company. Usually in large organizations, there exists entire departments dedicated to HRM where trained professionals work together, dealing with both HRD and HRM functions. HRD is human resource development. HRM is human resource management.

• HRD deals with functions such as performance development and management, training, career development, mentoring, coaching, succession planning, tuition assistance, key employee identification, etc. HRM deals with functions such as employee training, recruitment, performance appraisals as well as duly rewarding the employees.

• HRD is a part of HRM. HRM deals with all HR initiatives while HRD only deals with the development factor.