HUMAN RESOURCE MANAGEMENT PRACTICE - Fichier PDF

2 ❚ Managing peoplePeople managementThe policies and practices which governhow people are managed and developedin organizations.Human resource management‘A strategic and coherent approach to themanagement of an organization’s mostvalued assets – the people working therewho individually and collectively contributeto the achievement of its objectives.’Human capital management‘An approach to obtaining, analysing andreporting on data which informs the directionof value-adding people managementstrategic investment and operational decisionsat corporate level and at the level offront line management.’Personnel management‘Personnel management is concerned withobtaining, organizing and motivating thehuman resources required by the enterprise.’(Armstrong, 1977)Figure 0.2Relationship between aspects of people management