Personnel Management & HRM—Distinction
Personnel Management
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Human Resource Management
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1. It is concerned with managing people at work.
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It is concerned with the management of employees’ skills, knowledge, abilities, talents, aptitudes, creative abilities etc.
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2. Employees are treated like other components such as machinery, equipment etc.
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Employees are treated as a resource and an asset.
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3. Employee is treated as an economic man (i.e., he works for money only)
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Employee is treated as an economic, social and psychological man.
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4. Employees are treated as a cost centre- wages paid are treated as cost of labour.
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Employees are treated as a profit centre i.e., amount invested in human resources brings more revenues.
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5. It is considered only as an auxiliary or subsidiary function.
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It is considered as a strategic management function.
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