Strategic HRM in business context

Further, Human resource function in any given organizations looks to enabling, self-development and create a bond between the two most important aspect of the organization " Employer-Employee-Engagement."

HRM also encompasses the governing of employees in various corporates & institutions from micro & macro level, while maintaining parity between the employers and employees relationship. This approach focuses on the objectives and outcomes of the HRM function.

The word Human Resource Management came into effect first-time post the world war II with the return of the soldiers back home & the rehabilitation process got initiated for them to take part in the main steam in earning their livelihood. Since then the HRM has evolved with changing industrial demands. HRM involves managing people in organizations in a structured and planned manner. HRM covers the fields of recruiting, retaining & managing the exit process  through various HRM policies from salary scales to incentives concerning the performance.

Starting September, multinational management consulting firm Accenture will officially get rid of its performance reviews as part of a 'passive revolution' in internal operations. 'Imagine for a company of 330,000 people, changing the performance management process it's huge Pierre Nanterme, CEO of Accenture told The Washington Post. 'We are going to get rid of probably 90 per cent of what we did in the past.