ENTREPRENEURSHIP

Detailed explanation-1: -The strategic HRM approach focuses on people management programs and long-term solutions. It stresses organizational development interventions, achieving employee organizational fit, and other aspects that ensure employees add value.

Detailed explanation-2: -Modern HRM It integrates the traditional personnel management functions to corporate goals and strategies, and performs additional people centered organizational developmental activities.

Detailed explanation-3: -Human resource management is the strategic approach to nurturing and supporting employees and ensuring a positive workplace environment. Its functions vary across different businesses and industries, but typically include recruitment, compensation and benefits, training and development, and employee relations.

Detailed explanation-4: -As I stated earlier, the three approaches to SHRM are the universalistic, contingency, and configurational approaches.

Detailed explanation-5: -In line with the functions carried out by the HR department, there are three key phases in human resources management. The three phases of human resources management are acquisition, development and termination. These phases are also known as the pre-hiring phase, the training phase, and the post-hiring phase.