They include recruiting, talent management, benefits administration, training and development, performance management, employee relations, maintaining compliance with labor laws and regulations, among others. The term is an abbreviation of Human Resource Management, and the practice covers many elements, including recruiting. employees, onboarding, performance, compensation and benefits, to training, retention, compliance, policy creation and employee relations. HRM is responsible for managing and coordinating the activities and processes related to a company's most valuable resource: its employees. Human Resource Management (HRM) is a critical function within modern organizations.