Human resource management (HRM) is the strategic, coherent and constructive approach to the management of the people working there who individually and collectively contribute to the achievement of the objectives of the business. The terms "human resource management" and  Human Resource Issues  are terms that have replaced the concept of personnel management. Human resource issues refer to a description of the processes involved in managing people in organizations. Human resource issues have wide ranging manifestations. Thus human resource management is both an academic theory and a business practice. The aim of human resources management is to maximize the return on investment from human capital and minimize attendant risks.