PERSONAL MANAGEMENT (PM) Vs HUMAN RESOURCES MANAGEMENT (HRM).
PEOPLE AND ORGANIZATIONS : PRINCIPLES AND PRACTICE IN GLOBAL CONTEXTS. ( by M.D.E.I.M.Muthugalage - 23042637) PERSONAL MANAGEMENT (PM) Vs HUMAN RESOURCES MANAGEMENT (HRM). The key difference between Personal Management (PM) and Human Resource Management (HRM) is mainly due to it’s own approach to employees and their management. PM considers employees likely machinery and tools whilst the HRM considers employees as Assets in the organization. PM’s scope is to replace the head with suitable replacement when time to go away and HRM always looks for retention and grooming and drive for delivering super level of results. In these terms HRM shows a greater mutual responsibility in shaping up human capital, rewarding them and enhance economic performance. In early stages employees were taken care by a Personal Manager and mainly to handle the pay role. However, such PM was greatly evolved by HRM in current context by diverting to a comprehensive path like talent recognition an...