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Define HRM
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Lecture notes of 2 pages for the course pak1122 at Abingdon Whitney College, Abingdon (Define HRM)
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1. Definition of HRM: HRM is the strategic approach to managing an organization's most
valuable assets—its people.
2. Objectives of HRM:
Attracting and retaining the right talent.
Developing skills and competencies.
Ensuring employee satisfaction and well-being.
Aligning HR strategies with organizational goals.
3. Key Functions of HRM:
Recruitment and Selection:
Attracting qualified candidates and choosing the best fit for the
organization.
Training and Development:
Enhancing the skills, knowledge, and capabilities of employees to
improve performance.
Performance Management:
Evaluating and guiding employee performance to achieve
organizational goals.
Compensation and Benefits:
Designing and administering fair and competitive reward
systems.
Employee Relations:
Managing relationships between employees and the organization
to foster a positive work environment.
HR Planning:
Anticipating future staffing needs and ensuring the availability of
qualified individuals.
Legal Compliance:
Ensuring adherence to employment laws and regulations.
4. HR Policies and Procedures:
Establishing and communicating guidelines for employee behavior,
expectations, and company culture.
5. Talent Management:
Identifying and nurturing high-potential employees for leadership roles.
6. Diversity and Inclusion:
Promoting a workplace that values and respects individual differences.
7. Employee Engagement:
Creating a positive work environment that motivates employees and
fosters commitment to the organization.
8. Technology in HRM:
Utilizing HRIS (Human Resource Information Systems) for efficient data
management and analytics.
9. Succession Planning:
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