Podcast
Questions and Answers
What does HRM encompass?
What does HRM encompass?
- Only acquiring and training employees
- Focusing on capital and machinery
- Exclusively administrative functions
- Planning, organizing, and controlling the procurement, development, and maintenance of human resources (correct)
What is human capital composed of?
What is human capital composed of?
- Physical strength only
- Material resources
- Financial resources
- Social, emotional, and intellectual elements (correct)
What distinguishes HRM from personnel management?
What distinguishes HRM from personnel management?
- HRM focuses on administrative functions
- Personnel management is future-oriented
- HRM has a strategic approach and focuses on people management (correct)
- Personnel management encompasses acquiring, training, appraising, and compensating
What is the focus of soft HRM?
What is the focus of soft HRM?
What does HRM use as a reference point in hiring and training scenarios?
What does HRM use as a reference point in hiring and training scenarios?
What does HRM aim to achieve in managing people at work?
What does HRM aim to achieve in managing people at work?
What do HRM functions include?
What do HRM functions include?
What is the emphasis of hard HRM?
What is the emphasis of hard HRM?
What is the scope of HRD programs?
What is the scope of HRD programs?
What does HRM feature in its functions?
What does HRM feature in its functions?
What is HRM linked to, making it something special?
What is HRM linked to, making it something special?
According to Narayana Murthy, what walks out of the door each evening?
According to Narayana Murthy, what walks out of the door each evening?
What does HRM create value if used judiciously?
What does HRM create value if used judiciously?
What is a better term for 'resources' according to the text?
What is a better term for 'resources' according to the text?
What is human capital linked to?
What is human capital linked to?
What is the emphasis of Human Resource Management?
What is the emphasis of Human Resource Management?
What is the problem with 'resources' according to the text?
What is the problem with 'resources' according to the text?
What is something special about human resource as mentioned in the text?
What is something special about human resource as mentioned in the text?
What does human resource management aim to ensure according to the text?
What does human resource management aim to ensure according to the text?
What does human resource management use as a reference point according to the text?
What does human resource management use as a reference point according to the text?
What does HRM stand for?
What does HRM stand for?
What is the nature/feature of HRM?
What is the nature/feature of HRM?
What is the problem with 'resources' according to the text?
What is the problem with 'resources' according to the text?
What is the better term suggested for 'resources' in the context of Human Resource Management?
What is the better term suggested for 'resources' in the context of Human Resource Management?
What are the four types of capital/resources in any business?
What are the four types of capital/resources in any business?
What is the quote by Narayana Murthy emphasizing?
What is the quote by Narayana Murthy emphasizing?
What is the difference between material resources and human resources according to the text?
What is the difference between material resources and human resources according to the text?
What does KSA stand for in the context of HRM?
What does KSA stand for in the context of HRM?
What are the 3 Ps related to HRM?
What are the 3 Ps related to HRM?
What is the quote by Narayana Murthy highlighting?
What is the quote by Narayana Murthy highlighting?
Study Notes
Introduction to Human Resource Management
- Human Resource Management (HRM) is a critical factor of production alongside land, machinery, and capital.
- Human capital comprises social, emotional, and intellectual elements, encompassing the workforce's knowledge and skills.
- HRM involves planning, organizing, and controlling the procurement, development, and maintenance of human resources to achieve organizational objectives.
- Various definitions of HRM emphasize its strategic approach to managing employment relations and achieving competitive advantage through integrated employment policies and practices.
- HRM encompasses integrated decisions that shape the employment relationship, contributing to organizational and employee goal achievement.
- HRM is concerned with managing people at work, aiming to bring together and develop an effective workforce while considering individual and group well-being.
- HRM uses KSAs (Knowledge, Skills, and Abilities) as a reference point in hiring and training scenarios, assessing candidates and the existing workforce's training needs.
- HRM features include the management of people, harmonious relations, and being a continuous, dynamic, universal, strategic, future-oriented, and multidisciplinary function.
- HRM functions include acquiring, training, appraising, compensating, and other HR processes, policies, technology, and metrics.
- Personnel management focuses on administrative functions and maintaining personnel records, while HRM has a strategic approach and focuses on people management.
- Soft HRM emphasizes human relations, motivation, and leadership, while hard HRM views employees as a commodity.
- HRM is broader than Human Resource Development (HRD), as HRD programs aim to enhance employees' potential, while HRM encompasses acquiring, training, appraising, compensating, labor relations, health, safety, and fairness concerns.
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Description
Test your knowledge of Human Resource Management with this introductory quiz. Explore key concepts, functions, and strategic approaches in managing human capital to achieve organizational goals. From HRM functions to the differences between HRM and personnel management, this quiz covers essential topics in the field.
