The significant differences between HRM and HRD are discussed in the following points: Nowadays, there are many organisations work for the human resource development of employees from the day they join the enterprise, and the process continues, until the end of their employment term. Human Resource Development involves providing such opportunities to the employees that will prove beneficial in their all around development. Such opportunities include training & development, career development, performance management, talent management, coaching & mentoring, key employee identification, succession planning and so on. The purpose of the HRD is to empower and strengthen the abilities of the employees so that their performance will get better than before. It is a part of HRM that aims at improving skills, knowledge, competencies, attitude and behaviour of employees of the organisation. The term Human Resource Development or HRD refers to the development of people working in an organisation. The process involves an array of activities that begins with the recruitment, selection, orientation, & induction, training & development, performance appraisal, incentives & compensation, motivation, maintaining workplace safety, health & welfare policies, managing relationship with the organisation, managing change. Therefore, HRM is an art of placing the right person at the right job, to ensure the best possible use of organisation’s manpower. It aims at improving the performance and productivity of the organisation by finding out the effectiveness of its human capital. It is the application of management principles to the people working in the organisation. Human Resource Management, shortly known as HRM refers to a systematic branch of management that is concerned with managing people at work so that they can give best results to the organisation. To develop the skills, knowledge and competency of employees. To improve the performance of the employees.
Human Resource Development means a continuous development function that intends to improve the performance of people working in the organization. Human Resource Management refers to the application of principles of management to manage the people working in the organization. We have compiled an article here, to make you understand the differences between HRM and HRD. There are many people, to whom HRM and HRD convey the same meaning, but this is not true. On the other extreme, Human Resource Development (HRD) is a wing of HRM that keeps focusing on the growth and development part of the organisation’s manpower.