The document discusses human resource management (HRM) and its functions. It begins by defining HRM as the process of acquiring, training, appraising, and compensating employees, and of attending to their labor relations, health and safety, and fairness concerns. It then discusses the key functions of HRM, including staffing, training, compensation, and employee relations. Finally, it emphasizes that HRM is important for all managers and outlines some personnel mistakes managers want to avoid, such as high turnover, hiring the wrong people, and allowing a lack of training.