Meaning, Scope, objectives, and functions of HRM
Question
Meaning, Scope, objectives, and functions of HRM
Solution
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Meaning of HRM: Human Resource Management (HRM) is a strategic approach towards the management of the organization’s most valued assets - the people. It involves the process of employing people, developing their skills/capacities, and utilizing their services.
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Scope of HRM: The scope of HRM is very wide and includes all the activities that fall within the purview of any industrial organization. It includes functions like manpower planning, recruitment, training and development, performance appraisal, compensation management, and maintaining labor relations.
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Objectives of HRM: The primary objective of HRM is to ensure the availability of competent and willing workforce to an organization. Other objectives include maintaining better work relations, offering various services to employees, and to help the organization in achieving its goals.
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Functions of HRM: The functions of HRM can be categorized into two groups: managerial functions and operative functions. Managerial functions include planning, organizing, directing, and controlling. Operative functions include procurement, development, compensation, integration, maintenance, and separation.
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