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: -“HRM is concerned with the most effective use of people to achieve organizational and individual goals. It is the way of managing people at work, so that they give their best to the organization.” The Scope of This Discipline is Indeed Massive.
Detailed explanation-3: -Management: refers how to optimize and make best use of such limited or scarce resource so as to meet the organization goals and objectives. Therefore, human resource management is meant for proper utilisation of available skilled workforce and also to make efficient use of existing human resource in the organisation.
Detailed explanation-4: -Employee Relations: compromise the HRM activities associated with the movement of employees within in the organization such as promotions, demotion, terminations and resignation.