18 Questions
What is the main purpose of Job Analysis?
To provide job descriptions to potential applicants
What is emphasized in Job Specification?
Specific qualities and skills required for a job
What differentiates Training from Employee Development?
Employee development aims to enhance current job performance
What is the primary objective of Recruitment in HRM?
To hire employees from outside the organization
What is the main focus of Employee Development?
Long-term growth opportunities for employees
Which process involves hiring employees from a list of shortlisted candidates?
Recruitment and Selection
What does Performance Management involve?
Identifying, measuring, and developing employee performance
Which of the following best describes Compensation and Benefits?
Salary and monetary/non-monetary privileges for employees
What do Personnel Policies aim to guide?
Work performance towards organizational objectives
How can External Factors impact HRM?
Political, Economic, Sociocultural, Technological, and Environmental factors
Which factor can influence recruitment, compensation, and benefits according to the text?
Economic downturns or upswings
What does Employee Relations refer to in an organization?
Creating and maintaining a positive relationship with employees
What is the main purpose of staffing in Human Resource Management?
Recruitment and selection of manpower
Which aspect of the 6 M's of Management addresses budgeting and resource allocation?
Money
What does the planning function in HRM involve?
Deciding what, when, and how to do things in advance
Which management function involves stimulating, inspiring, and inducing employees to perform at their best capacity?
Directing
What is the primary focus of the market aspect in the 6 M's of Management?
Disseminating products to customers
Which function in HRM involves defining an organizational structure and assigning tasks based on team skills and abilities?
Organizing
Study Notes
Definitions of HRM
- The management of people in organizations from a macro perspective, managing people in the form of a collective relationship between management and employees.
Human Resource Management Functions & Objectives
- Job description includes job title, location, reporting to, job summary, nature and objectives of a job, tasks, duties, working conditions, machines, tools, and hazards involved.
- Job Analysis and Job Specification: a written statement of educational qualifications, qualities, experience, physical, emotional, technical, and communication skills required to perform a job.
Recruitment and Selection
- Recruitment: searching for potential applicants and encouraging them to apply for a vacancy.
- Selection: hiring employees among shortlisted candidates and providing them a job in the organization.
Training and Development
- Training: an endeavor to improve or develop additional competency or skills in an employee on the job to increase performance or productivity.
- Employee development: opportunities created to help employees grow, more long-term or futuristic in nature.
Performance Management
- Ongoing process of identifying, measuring, and developing the performance of employees in the organization.
Compensation and Benefits
- Salary, monetary, and non-monetary privileges provided to employees at the workplace by the organization.
Employee Relations
- Efforts to create and maintain a positive relationship with employees.
Personnel Policies
- A policy is a man-made rule of predetermined course of action to guide the performance of work towards the organization's objectives.
Compliance with Laws
- HR Compliance is the commitment of the business to follow the working standards set out by employment law.
External Factors Impacting HRM
- Political/ Legal factors: influencing every process of the HR department, including hiring, training, compensation, termination.
- Economic Factors: Economic downturns or upswings affecting recruitment, compensation, benefits, and workforce planning.
- Sociocultural factors: including work ethic, attitude towards work, and employee motivations.
- Technological Factors: advancements affecting remote work and virtual collaboration.
- Environmental Factors: corporate social responsibility, sustainability goals, and employee engagement in environmental initiatives.
Management Functions
- Planning: deciding in advance what to do, when to do, and how to do, bridging the gap from where we are and where we want to be.
- Organizing: defining an organizational structure that aligns with the workplace and assigning tasks that map to the team's skills and abilities.
- Staffing: recruitment and selection of manpower.
- Directing: motivation, stimulating, inspiring, and inducing employees to perform to their best capacity, leadership, and communication.
- Controlling: measuring progress.
6 M's of Management
- Manpower: human resources or workforce.
- Machinery: equipment, tools, and machinery.
- Materials: raw materials, components, and resources.
- Methods: processes and procedures.
- Money: financial aspect of production, including budgeting, cost management, and resource allocation.
- Market: a place where the organization disseminates its products.
Test your knowledge on Human Resource Management definitions, functions, and objectives. Explore topics such as the collective relationship between management and employees, job descriptions, and tasks and duties in a job.
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