Importance of Human Resource Management

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What is the primary focus of Human Resource Management in an organization?

Managing and handling employees (correct)
Handling financial resources
Managing physical assets
Overseeing production processes

Which stage of the employment cycle involves determining the right number and type of people needed to fill up positions?

Staffing
Post-hiring
Hiring
Pre-hiring (correct)

What is the primary objective of Human Resource Management practices?

To reduce employee turnover rates
To maximize profits by minimizing labor costs
To focus on production and operations management
To lead people successfully and reasonably during the employment cycle (correct)

What is NOT a stage of the employment cycle?

Training and Development (C) Signup and view all the answers

What is the primary goal of Human Resource Management in handling employees?

To handle employees as human beings worthy of respect and compassion (A) Signup and view all the answers

What aspect of Human Resource Management is concerned with establishing policies to fulfill staffing needs?

Hiring (B) Signup and view all the answers

What is the primary focus of HRM in solving problems?

Finding logical and well-grounded solutions (C) Signup and view all the answers

What is the approach of HRM towards employees?

Considering each employee as a human being worthy of respect and compassion (D) Signup and view all the answers

What is the outcome of a firm's HRM strategy that empowers employees?

Employees feeling appreciated for their work (D) Signup and view all the answers

What is the time orientation of HRM in terms of labor needs?

Envisioning and assessing labor needs for a given period of time (D) Signup and view all the answers

What is the approach of HRM towards employee development?

Continually offering opportunities for new skills and productivity improvement (A) Signup and view all the answers

What is the outcome of HRM's approach to employee motivation?

Increased intrinsic and extrinsic motivation (C) Signup and view all the answers

What is one of the primary reasons entrepreneurs need to understand Human Resource Management?

To effectively manage and handle their workers (D) Signup and view all the answers

Why is it important for employees to understand Human Resource Management?

To gain a better understanding of their rights and privileges (B) Signup and view all the answers

What is one of the areas that Human Resource Management involves?

Designing various productivity improvement programs (A) Signup and view all the answers

What is one of the benefits of Human Resource Management in an organization?

Enhancement in the quality of life and level of performance of employees (C) Signup and view all the answers

Which of the following is NOT a feature of Human Resource Management?

It is only performed in the HR department (B) Signup and view all the answers

Which of the following is an example of a productivity improvement program in Human Resource Management?

Performance appraisal (D) Signup and view all the answers