Human Resource Management (HRM or HR) is the strategic approach to the effective management of people in a company or organization such that they help their business gain a competitive advantage. … The overall purpose of human resources (HR) is to ensure that the organization is able to achieve success through people.Human Resource Management (HRM or HR) is the strategic approach to the effective management of people in a company or organization such that they help their business gain a competitive advantage. … The overall purpose of human resources (HR) is to ensure that the organization is able to achieve success through people.