ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Career development
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Compensation and benefits
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performance management
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Orientation
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Detailed explanation-1: -Human resource management (HRM) is the process of employing people, training them, compensating them, developing policies relating to them, and developing strategies to retain them. As a field, HRM has undergone many changes over the last twenty years, giving it an even more important role in today’s organizations.
Detailed explanation-2: -Compensation and benefits refers to the compensation/salary and other monetary and non-monetary benefits passed on by a firm to its employees. Compensation and benefits is an important aspect of HRM as it helps to keep the workforce motivated.
Detailed explanation-3: -Recruitment and Selection. Performance Management. Training & Development. Benefits Administration. Employee Records Management. Compensation & Benefits Planning. Employee Relations.