Human Resource Management Quiz

Introduction to HRM

• Human resource management (HRM) is a process encompassing employee acquisition, training, appraisal, compensation, and labor relations.
• HRM involves developing policies and strategies for employee retention, aiming to foster talent.

Human Resource Development

• Human resource development (HRD) extends beyond training and development, encompassing career planning, organizational development, performance management, and appraisals.
• HRD's goal is to improve employee learning and performance.

Organizational Structure and Management

• Organizations are made up of people with assigned roles working towards shared goals.
• Managers are responsible for guiding and directing people to achieve organizational goals.
• Management involves five basic functions: planning, organizing, staffing, leading, and controlling.

Line and Staff Authority in HRM

• Line authority: Managers have the right to give orders to other managers for departments or subordinate, superiors.
• Staff authority: Managers are authorized to provide advice and assistance to other managers or employees, often in support functions (like HR).

HRM Functions and Departments

• HR departments often provide specialized support to line managers.
• HR specialists play various roles such as recruiters, equal employment opportunity representatives, to help manage labor relations.

Modern HRM Approaches

• Shared services agreements/ hr groups centralize HR functions, improving efficiency.
• Embedded HR groups directly support departments.
• Corporate HR groups address top-level organizational issues.
• Outsourcing is also a concern in HR management.
• Human capital focuses on employee knowledge, skills, and abilities.
• Trends include on-demand workers (freelancers), temporary/part-time workers, and globalization.

HRM Performance and Values

• HR practices should add measurable value to employee performance.
• Sustainable HR programs consider environmental and social performance alongside profits.
• Employee engagement is crucial for productivity.
• Ethical conduct is essential in decision-making.
• Effective communication is important for stakeholders.