16 Questions
HRM is only concerned with recruiting and selecting employees.
False
Human Resources Management is the process of managing human resources to achieve an organization's objectives.
True
The primary focus of HRM is on the management systems of an organization.
False
HRM is only concerned with the procurement and development of personnel.
False
HRM significantly influences the corporate culture and norms of an organization.
True
The primary objective of HRM is to maximize profits.
False
HRM is concerned with managing human resources to achieve an organization's goals.
True
HRM is a function that is only concerned with leadership.
False
Human capital is the physical assets of an organization.
False
The quality and timeliness of work are determined by the capabilities of an organization's employees.
True
Core competencies are the skills of individual employees.
False
HRM is focused on creating a competitive advantage for an organization.
True
Personnel management is concerned with the production and sale of goods.
False
Human capital can be gained through short-term experience.
False
Business strategy focuses on minimizing costs.
False
Everything within an organization gets done through technology.
False
Study Notes
Introduction to Human Resource Management (HRM)
- HRM is the effective use of human capital in an organization through the management of people-related activities.
- It involves leadership, values, employment planning, recruiting, selecting, training, and compensating employees, and evaluating their performance.
What is Human Resource Management?
- HRM is the process of managing human resources (human capital and intellectual assets) to achieve an organization's objectives.
- It significantly influences the corporate culture and norms.
Management Function of HRM
- HRM is a management function concerned with hiring, motivating, and maintaining people in an organization.
- It focuses on people in organizations and designs management systems to ensure human talent is used effectively and efficiently to accomplish organizational goals.
Personnel Function of HRM
- HRM is the personnel function concerned with procurement, development, compensation, integration, and maintenance of the personnel of an organization.
- It contributes towards the accomplishments of the organization's objectives through planning, organizing, directing, and controlling the performance of operative functions.
Pervasiveness of HRM in Organizations
- Everything within an organization gets done through people, including product or service development, decisions, and delivery.
- The quality and timeliness of work, and the resulting success of an enterprise are determined by the capabilities of its employees, their skills, motivation, and behavior.
How HRM can help Organizations to be Competitive
- HRM issues should be critically examined during strategy formulation and implementation to achieve competitive advantage.
- HR and business issues should be strongly linked to focus on value creation.
Human Capital
- Human capital refers to the knowledge, skills, and capabilities of individuals that have economic value to an organization.
- It is valuable because it is based on company-specific skills, gained through long-term experience, and can be expanded through development.
Core Competencies for Organizational Growth
- Core competencies refer to integrated knowledge sets within an organization that distinguish it from its competitors and deliver value to customers.
This quiz covers the basics of Human Resource Management (HRM), including its definition, nature, and scope in organisations. It also explores the concepts and pervasiveness of HRM as a function of leadership.
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