Benefits of Human Resource Management

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Explain the concept of organizational development as mentioned in the text.

Generating a 'Synergetic effect' in an organization through healthy interpersonal and inter-group relationships.

What is the purpose of training and development in HRM?

To meet the knowledge and skill needed to perform current and future job requirements

What does compensation and benefits entail in HRM?

Fixing wages and salaries scientifically to ensure fairness and equity, along with providing labor welfare measures.

Why is managing employee assistance important in HRM?

<p>To address personal and official problems faced by employees, ensuring productivity and happiness.</p> Signup and view all the answers

Why are union-labor relations crucial in an organization?

<p>To enhance peace and productivity by fostering healthy industrial and labor relations.</p> Signup and view all the answers

How does personnel research and information system contribute to HRM?

<p>By providing insights into workers' expectations, aspirations, and behavior through behavioral science and industrial psychology.</p> Signup and view all the answers

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