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Human Resource Management is both the art of managing people by recourse to creative and innovative approaches and includes the process of managing people in organisations in a structured and thorough manner. This covers the fields of staffing (hiring people), retention of people, pay setting and management, performance management, change management and taking care of exits from the company to round off the activities.
Human Resource Management is key to every organization, and the various component of structured policies and processes for effective management is at the heart of good corporate governance of organisations and nations as a whole.
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