1 Flashcards
What is Human Resources (HR)?
HR are all the people who work for and contribute to the organization in one capacity or another.
What do HR make up?
They make up the company’s workforce.
What are the core HR sections?
Recruitment, Compensation and Benefits, Employee Relations, Training and Development, Workforce Safety, Legal Relations/Compliance.
What are some extra functions of HR?
Administration, Facilities/Security, Organizational Development, Corporate Social Responsibility/Environment, Social and Governance, Canteen, Clinic.
What does HR Management (HRM) refer to?
The process of acquiring, training, appraising, and compensating employees, and attending to their labor relations, health and safety, and fairness concerns.
What is the focus of HRM?
It focuses on the present needs of the organization and its members.
What are the main activities of HRM?
Acquisition, Development, Motivation, Maintenance of Human Resources.
What does Acquisition in HRM include?
Recruitment strategies, candidate evaluation, and making informed hiring decisions to bring in the right talent.
What does Development in HRM include?
Training programs, career development initiatives, mentoring, and continuous learning opportunities.
What is the purpose of Motivation in HRM?
Creating a positive work environment, recognizing employee contributions, and implementing strategies to increase employee engagement and job satisfaction.
What does Maintenance of Human Resources entail?
Managing employee relations, ensuring fair compensation and benefits, addressing workplace concerns, and creating a safe and inclusive workplace culture.
What are the two major functions of HRM?
Basic Functions and Operative Functions.
What are the Basic Functions of HRM?
Planning, Organizing, Staffing, Leading, and Controlling.
What does Planning in HRM involve?
Establishing goals and standards; developing rules and procedures; developing plans and forecasts.
What does Organizing in HRM involve?
Giving each subordinate a specific task; establishing departments; delegating authority to subordinates; establishing channels of authority and communication.
What does Staffing in HRM involve?
Determining what type of people should be hired; recruiting prospective employees; selecting employees; setting performance standards.
What does Leading in HRM involve?
Getting others to get the job done; maintaining morale; motivating subordinates.
What does Controlling in HRM involve?
Setting standards; checking actual performance; taking corrective action as needed.
What does Employment in Operative Functions of HRM involve?
Procuring and employing individuals with suitable knowledge, skills, experience, and aptitude necessary to perform various jobs.
What functions are included in Employment?
Job analysis and design, HR planning, Recruitment, Selection and Placement, On-boarding/Induction.
What does HR Development involve?
Improving, molding, and changing the knowledge and ability of an employee.
What functions are included in HR Development?
Training, Management development, Career planning and development, Performance appraisal.
What does Compensation in HRM include?
All the rewards that an employee receives for their contributions to the organization.
What are the components of Compensation?
Job evaluation, Wage and salary administration, Incentives, Fringe benefits/De Minimis benefits.
