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Human Resource Management is an essential function in organizations, focusing on efficiently recruiting, training, and retaining employees. It aims at achieving individual, organizational, and societal objectives while ensuring employee welfare. The chapter elaborates on various HRM functions, including planning, recruitment, training, performance appraisal, compensation management, and recent trends in HRM.
Chapter 115 sections
Human Resource Management is an essential function in organizations, focusing on efficiently recruiting, training, and retaining employees. It aims at achieving individual, organizational, and societal objectives while ensuring employee welfare. The chapter elaborates on various HRM functions, including planning, recruitment, training, performance appraisal, compensation management, and recent trends in HRM.
Human Resource Management encompasses planning, organizing, directing, and controlling human resources.
The main functions of HRM include managerial and operative functions that contribute to the effective utilization of human resources.
Recent trends in HRM highlight the importance of technology, flexible work arrangements, and employee engagement initiatives.
The process of effectively managing people in organizations through recruitment, training, motivation, and retention.
The process of forecasting future human resource needs and planning to meet those needs.
The process of identifying and encouraging prospective employees to apply for jobs.
The process of choosing the most suitable candidate from applicants.
Processes focused on improving employees' skills for their current jobs and preparing them for higher roles.
The process of determining fair remuneration for employees, including salaries, bonuses, and benefits.
Services, benefits, and facilities provided to employees for their well-being.