BUSINESS ADMINISTRATION
HUMAN RESOURCES MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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concept of competing through technical resources in organisations
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economic value of employees’ knowledge, skills and capabilities
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policies and practices involved in managing managers of an organisation
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effective utilisation of an organisation’s people and their talent
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Detailed explanation-1: -HRM is employee management with an emphasis on those employees as assets of the business. In this context, employees are sometimes referred to as human capital. As with other business assets, the goal is to make effective use of employees, reducing risk and maximizing return on investment (ROI).
Detailed explanation-2: -Effective management of human resources involves activities which result in adequate supply of capable employees to the organization, satisfaction and retention of productive employees, high job performance, and increased profitability for the enterprise.
Detailed explanation-3: -HR plays an important role in embedding these practices in performance management by supporting the goal-setting process, decoupling the compensation and development discussion, investing in manager’s capability building, and embedding technology and analytics to simplify the performance-management process.
Detailed explanation-4: -Strategic human resource management (strategic HRM) provides a framework linking people management and development practices to long-term business goals and outcomes. It focuses on longer-term resourcing issues within the context of an organisation’s goals and the evolving nature of work.
Detailed explanation-5: -2) Organizational Objectives: it recognizes the role of HRM in bringing about organizational effectiveness. It makes sure that HRM is not a standalone department, but rather a means to assist the organization with its primary objectives. The HR department exists to serve the rest of the organization.