best possiblehuman resource HRM trial.pptx

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1. Human Resource Management (HRM) An Overview

2. Concept of HRM Human Resource Management (HRM) refers to the strategic approach of managing an organization's workforce. It involves the effective utilization of human resources to achieve organizational goals and objectives.

3. Objectives of HRM

4. Functions of HRM 1. Recruitment and Selection: Identifying, attracting, and hiring the right talent for the organization. 2. Training and Development: Providing employees with the necessary skills and knowledge to perform their jobs effectively. 3. Performance Management: Evaluating and managing employee performance to achieve organizational goals. This Photo by Unknown author is licensed under CC BY-NC-ND .

5. Functions of HRM (contd.) 4. Compensation and Benefits: Designing and administering fair and competitive compensation and benefit packages for employees. 5. Employee Relations: Managing relationships between employees and the organization, addressing conflicts, and promoting a positive work environment. 6. HR Planning: Anticipating and planning for the organization's future workforce needs. This Photo by Unknown author is licensed under CC BY .

6. Functions of HRM (contd.) 7. Diversity and Inclusion: Promoting a diverse and inclusive workplace that values and respects differences among employees. 8. Legal Compliance: Ensuring HR practices comply with employment laws and regulations to mitigate legal risks for the organization. This Photo by Unknown author is licensed under CC BY-SA-NC .

7. Importance of HRM Effective HRM is crucial for organizational success as it aligns human capital with strategic goals, enhances employee productivity, and fosters a positive workplace culture. This Photo by Unknown author is licensed under CC BY .

8. Conclusion In conclusion, Human Resource Management is a strategic function that plays a vital role in managing and developing an organization's most valuable asset – its people.