ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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“Meeting the pay and benefts needs of employees". Is this statement refer to HRM function?
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TRUE
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FALSE
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -The basic functions of human resource management are planning, controlling, directing and organizing company activities, utilization of workforce, recruitment and staffing etc.
Detailed explanation-2: -Compensation Management: It is the process of providing adequate, equitable and fair remuneration to the employees. It includes job evaluation, wage and salary administration, incentives, bonus, fringe benefits, social security measures etc. i) Job Evaluation: It is the process of determining relative worth of jobs.
Detailed explanation-3: -Organising is the task of the managers to organise all the resources in the organisation required for performing a job. It is not a function of HRM.
There is 1 question to complete.