Reconceptualising Human Resource Management

The literature is filled with various definitions of human resource management (HRM) and almost all of them neglect a vital aspect – macro environment. The definitions of HRM as revealed in the literature make reference to only the micro-environment (i.e. organisations) while neglecting the macro environment. This paper provides a correction to this and proposes a new working definition of the term ‘HRM’. It bases its proposition on the human capital theory and systems theory and concluded that HRM should be defined as processes involved in the proper management of people both within and outside the confines of an organisation.