Thursday, May 02, 2013

INTRODUCTION TO MANAGEMENT-PART5


Human Resource Management (HRM)
It is the function within an organization that focuses on recruitment selection, development and utilization of human skills of management and providing direction for the people who work in the organization. HRM is the organizational function that deals with issues related to people such as compensation, hiring, performance management, organizational development, safety, wellness, benefits, employees motivations, communication, administration and training.
HRM functions includes a variety of activities and key among them is deciding what staffing need you have and whether to use independent contractors or hiring employees to fill these needs, recruiting and training the best employees ensuring they are high performers, dealing with performance issue and ensuring your personnel and management practices confirm to various regulation.
HRM is an open system. It consists of input, processing, output and feedback components.




 
 


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