Podcast
Questions and Answers
What does Human Resource Management (HRM) aim to achieve?
What does Human Resource Management (HRM) aim to achieve?
- Minimizing production costs through automation
- Optimizing company performance through better management of human resources (correct)
- Expanding market reach through aggressive advertising
- Maximizing shareholder wealth through financial strategies
What is the primary responsibility of Human Resources (HR) department?
What is the primary responsibility of Human Resources (HR) department?
- Finding, recruiting, screening, and training job applicants (correct)
- Managing financial aspects of the organization
- Handling marketing and sales strategies
- Developing new products and services
Who are considered as part of Human Resources in an organization?
Who are considered as part of Human Resources in an organization?
- Full-time employees, contractors, freelancers, and contingent workers (correct)
- Only senior management
- Only full-time employees
- Only contractors and freelancers
Why is Human Resources (HR) considered essential for a company?
Why is Human Resources (HR) considered essential for a company?
What are the key functions of Human Resources (HR) departments?
What are the key functions of Human Resources (HR) departments?
Flashcards
HRM's Goal
HRM's Goal
To boost company performance via effective people management.
HR's Main Job
HR's Main Job
Finding, hiring, and developing job candidates.
Who is 'Human Resources'?
Who is 'Human Resources'?
All workers: full-time, part-time, contractors and freelancers.
Why HR Matters?
Why HR Matters?
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HR Key Activities
HR Key Activities
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Study Notes
Human Resource Management (HRM)
- Aims to achieve effective management of an organization's workforce to maximize productivity and achieve business objectives
Human Resources (HR) Department
- Primary responsibility is to manage an organization's workforce, from recruiting and hiring to training and development
Who are part of Human Resources in an organization?
- Include all employees, from top-level executives to frontline workers, who contribute to achieving business objectives
Importance of Human Resources (HR)
- Considered essential for a company as it helps to improve productivity, increase job satisfaction, and reduce employee turnover
Key Functions of Human Resources (HR) Departments
- Recruitment and selection of new employees
- Training and development programs to enhance employee skills
- Performance management and appraisal systems
- Compensation and benefits administration
- Employee relations and conflict resolution
- Maintaining compliance with labor laws and regulations
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