Human Resource Management (HRM) and Human Resource Development (HRD): A Perfect Partnership and Immensely Successful Together

Human Resource Management (HRM) and Human Resource Development (HRD)

Human resource management (HRM) and human resource development (HRD) are two essential components of any organization. HRM is responsible for the acquisition, development, and retention of human talent, while HRD is focused on the ongoing training and development of employees.

These two functions are closely intertwined, and they work together to ensure that an organization has the skilled and motivated workforce it needs to be successful. A skilled and motivated workforce creates benefits for both parties employees and employers, as well as helps to build sustainable social and economic growth as a country.

Human Resource Management (HRM)

Human Resource Management (HRM) is a collective term for all the formal systems created to help manage employees and other stakeholders within a company. Human resource management is tasked with three main functions: recruitment and compensation of employees and designating work.

Ideally, the role of HRM is to find the best way to increase the productivity of an organization through its employees. Despite the ever-increasing rate of change in the corporate world, the HRM role is not likely to change significantly.

MBA Skool: Meaning & Importance of HRM

 Human Resource Development (HRD)

Human Resource Development (HRD) is an area of human resources focused on the growth and development of an organization's employees. It aims to provide employees with skills and knowledge to help them grow professionally in their careers. Professionals working in human resource development may have responsibilities related to coaching, mentoring, training, and performance management. By developing employees, this area of HR helps companies anticipate and prepare for future changes in the workplace.

Kleiman Consulting: Training & Human Resource Development

HRM: The Foundation

HRM is the foundation of any HRD program. HRM is responsible for ensuring that an organization has the right people in the right roles. This includes recruiting and hiring new employees, onboarding and training new hires, and performance management.

HRM also plays a vital role in employee retention. By creating a positive work environment and offering competitive compensation and benefits, HRM can help to keep employees engaged and motivated.

HRD: Investing for the Future

HRD is focused on the ongoing training and development of employees. This includes providing employees with the skills and knowledge they need to be successful in their current roles and preparing them for future roles.

HRD programs can take many forms, such as on-the-job training, formal training courses, and mentorship programs. HRD programs can also be designed to help employees develop their soft skills, such as communication, teamwork, and leadership.

How to Build a Strong HRM/HRD Partnership

There are several things that organizations can do to build a strong HRM/HRD partnership, including:

• Align HRM and HRD goals with organizational goals: HRM and HRD goals should be aligned with the overall goals of the organization. This will help to ensure that both functions are working towards the same objectives.
• Create a culture of learning: Organizations should create a culture of learning where employees are encouraged to develop their skills and knowledge. This can be done by providing employees with opportunities for training and development, and by rewarding employees for their learning efforts.
• Foster communication and collaboration between HRM and HRD: HRM and HRD departments should communicate and collaborate regularly. This will help to ensure that both functions are aware of each other's activities and that they are working together effectively.

These pointers might assist businesses in creating a solid HRM/HRD collaboration that will aid them in achieving their objectives.

The Benefits of a Strong HRM/HRD Partnership

A strong HRM/HRD partnership can offer a number of benefits to an organization, including:

• Increased employee productivity: When employees are trained and developed, they are more likely to be productive and efficient in their work.
• Improved employee engagement: When employees feel that their organization is investing in them, they are more likely to be engaged and motivated in their work.
• Reduced turnover: When employees feel that they have opportunities for growth and development, they are less likely to leave the organization.
• Enhanced organizational performance: A well-trained and motivated workforce is essential for organizational success.
• Create a skilled, innovative, and motivated workforce to compete with the global market for sustainable social and economic growth as a country.

Benefits of HRD: Sketchbubble.com

References

Prof. Ass. Nada Krypa (Tapija), 2017. Social Economic Development and the Human Resources Management

Kudus M. Bakare, 2020. Impact Of Human Resources Development on Economic Growth

Nicole Richman, 2015. Human resource management and human resource development: Evolution and contributions

David McGuire, 2010. Foundations of Human Resource Development

Drexel University School of Education, Human Resource Management vs. Development

Human Resource Management vs. Development | Drexel University

Indeed editorial team, 2023. HR Development vs. HR Management: What's the Difference?

HR Development vs. HR Management: What's the Difference? | Indeed.com

MBA Skool: Meaning & Importance of HRM

Human Resource Management (HRM) - Meaning & Importance | HRM Overview | MBA Skool

Kleiman Consulting: Training & Human Resource Development

Training & Human Resource Development - Kleiman ConsultingKleiman Consulting

Benefits of HRD: Sketchbubble.com

Human Resource Development PowerPoint Template (sketchbubble.com)