Introduction to Human Resource Management Quiz

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.