Uploaded on Dec 16, 2024
What is the Scope of Human Resource Management (HRM)? Human Resource Management (HRM) is crucial as it determines an organization's workforce and how employees positively contribute to the company. With the changes in work dynamics worldwide, HRM has become a vital organizational function that is no longer strictly limited to recruiting and taking care of payrolls alone.
What is the Scope of Human Resource Management
What is the Scope of Human Resource
Management (HRM)?
. Recruitment and Selection:
In HRM, talent attraction, identification, and selection occur. This
includes designing job descriptions, interviewing, and on boarding
new employees. With modern technology, human resource
professionals have AI-driven tools that help source and assess
candidates better.
Training and Development:
• HRM ensures employees possess the
necessary skills and knowledge to excel. This
involves organizing training programs,
workshops, and leadership development
initiatives that align with organizational goals.
Performance Management:
• HR professionals design systems to evaluate
employee performance and provide
constructive feedback. Tools like performance
appraisals and KPIs (Key Performance
Indicators) help maintain high productivity.
Compensation and Benefits:
• Competitive pay structures and
comprehensive benefits packages are central
to employee satisfaction. HRM oversees
payroll, bonuses, health insurance, retirement
plans, and other perks.
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