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Friday, November 22, 2013

HRM | What is human resource management and what roles do the key components of HRM play in organizations?



What is human resource management and what roles do the key components of HRM play in organizations?



























ANSWER
Human resource management (HRM) involves attracting, developing, and maintaining a talented and energetic workforce to support the organization’s mission, objectives, and strategies. Attracting, developing, and maintain quality workers are the three key components of the HRM process. Attracting a quality workforce involves human resource planning, recruitment, and selection. Developing a quality workforce involves employee orientation, training and development, and performance appraisal. Maintaining a quality workforce involves career planning and development, work-life balance, compensation and benefits, employee retention and turnovers, and labor-management relations.
Source: Management, 11th Edition & 12th Edition- John R. Schermerhorn

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