It is also called as HRM. As we know that every organization has workforce which is typically called as human resources, human capital, workforce, manpower , labor force, human assets etc. Managing issues related to employees is called as HRM in organizational context.
The success or failure of an organization will depend upon its talent pool or employees who are most valuable assets. They can create wealth and competitive advantage to business organization working in any sector across the globe. HR practices are proactive in nature.