GK
HUMAN RESOURCE 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: -The term human resource utilization here simply means the effective and efficient use of human resource in an organization in order to achieve desired growth and development of any organization, and to avoid wastage of manpower.
Detailed explanation-3: -An effective HRM allows organizations to tackle human resource issues strategically. HRM supports in attracting and retaining competent employees, helps the organization’s leaders and employees in adapting to organizational change, and enables the adoption of technology.
Detailed explanation-4: -Talent management is a subsection of human resource development through which employees are engaged with the purpose of retention. Human resource management overarches talent management and involves creating a work environment where employees are most efficient.