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Questions and Answers
What does Human Resource Management (HRM) primarily focus on?
What does Human Resource Management (HRM) primarily focus on?
- Maximizing profits and minimizing costs
- Attracting, developing, and maintaining an effective workforce (correct)
- Expanding market share
- Creating innovative products and services
What does the term 'Human Capital' refer to in the context of HRM?
What does the term 'Human Capital' refer to in the context of HRM?
- Physical assets owned by the organization
- Technological infrastructure of the organization
- Financial resources of the organization
- Organization’s investment in attracting, retaining, and motivating an effective workforce (correct)
What is the primary responsibility of Human Resources Management in the context of attracting a quality workforce?
What is the primary responsibility of Human Resources Management in the context of attracting a quality workforce?
- Maximizing shareholder wealth
- Cost-cutting measures
- Human resources planning, employee recruitment, and selection (correct)
- Product development
What is the key function of HRM in relation to workforce planning and development?
What is the key function of HRM in relation to workforce planning and development?
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What is the significance of training and development in HRM?
What is the significance of training and development in HRM?
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