Core elements of HRM
- People: Organizations mean people. It is the people who staff and manage organizations.
- Management: HRM involves application of management functions and principles for acquisitioning, developing, maintaining and remunerating employees in organizations.
- Integration & Consistency: Decisions regarding people must be integrated and consistent.
- Influence: Decisions must influence the effectiveness of organization resulting into betterment of services to customers in the form of high quality products supplied at reasonable cost.
- Applicability: HRM principles are applicable to business as well as non-business organizations too, such as education, health, recreation and the like.
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