ENTREPRENEURSHIP

Detailed explanation-1: -Building and maintaining company culture HR plays a key role in developing, reinforcing and changing the culture of an organisation. Pay, performance management, training and development, recruitment and onboarding and reinforcing the values of the business are all essential elements of business culture covered by HR.

Detailed explanation-2: -Human resource management is important because it ensures that organizations are able to attract, retain, and develop the right talent. By having effective HRM practices in place, organizations are better able to create a positive work environment that promotes employee satisfaction and engagement.

Detailed explanation-3: -Training and Development: In order to improve the performance of individuals and groups, training and development activities are undertaken. The rapid change in technology has increased the importance of training and development. In some of the organizations this activity is continuously undertaken.

Detailed explanation-4: -HRM ensures the seamless and effective application of policies and processes in the business. HRM is there to keep the balance between employee needs and satisfaction and an organization’s profitability and capability to reach its objectives.