Human Resources Management Flashcards, test questions and answers
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What is Human Resources Management?
Human Resources Management (HRM) is an important business function that deals with the management of human capital in an organization. It involves the processes of recruitment and selection, employee training and development, performance management, compensation and benefits administration, employee relations, and workforce planning.In order to be successful at HRM, it requires a combination of technical knowledge and people skills. An effective HRM must be able to understand the needs of the organization as well as those of its employees. They must also be able to develop policies and procedures that meet both sets of requirements. Additionally, they must possess good communication skills in order to effectively communicate with all stakeholders involved in managing personnel within the organization.The recruitment process is a crucial part of HRM as it involves identifying suitable candidates for positions within an organization. It includes analyzing job descriptions, researching potential applicants’ work experiences and qualifications as well as conducting interviews. This process helps ensure that only qualified individuals are hired for a particular role within an organization which can aid in improving overall organizational performance. When it comes to training and development activities, HRM professionals play an important role by designing programs that help employees improve their current skills or gain new ones which can lead to improved productivity levels amongst staff members. Other aspects such as performance reviews are also essential for assessing how well employees are performing their duties while providing feedback on areas where improvement is needed so that corrective actions can be carried out if necessary. Lastly but most importantly compensation packages offered by organizations should not only reflect fair market value but should also provide incentives such as bonuses or healthcare coverage so that employees feel motivated to perform better leading to better organizational outcomes overall.