HRM Basics Quiz

Introduction to Human Resource Management

• Human Resource Management (HRM) is the effective use of human resources to enhance organizational performance.
• HRM involves getting, training, motivating, and keeping competent employees.
• All managers are involved in HR decisions, including reviewing applications, shortlisting applicants, interviewing, identifying training needs, and performance management.
• The main areas covered in HRM include human resource planning, recruitment and selection, job orientation, training and development, performance management, and compensation and benefits.
• HR planning involves ensuring the right number and type of people are in the right places to achieve organizational goals.
• Recruitment sources include external and internal advertising, employment agencies, personal recommendations, and internships.
• Selection aims to predict which applicants will be successful in the job and minimize false positive and negative errors.
• The HR department serves as a strategic partner, provides specialized organizational services, personnel support, and administrative functions.
• Training and development involve improving skills, knowledge, attitudes, or behavior through off-the-job and on-the-job methods.
• Performance management establishes performance standards and evaluates performance to arrive at objective HR decisions.
• Compensation administration determines a cost-effective pay structure to attract and retain competent employees, linked with appraisal.
• Employee benefits are non-financial rewards designed to enrich employees’ lives, such as medical insurance, pension schemes, gym memberships, and company cars.