Definitions

Question 1

Define human resources management

Answer 1

• An integrated set of processes, practices, programs, and systems in an organization that focuses on the effective deployment and development of its employees.
• A change in one can affect another.

Question 2

Identify the processes and practices of HRM

Answer 2

• Defining and designing work

• Planning for, recruiting, and selecting the workforce
• Onboarding, training, and development

• Managing performance

• Recognizing and rewarding employees

• Creating a safe and healthy work environment

• Relating to employees within diverse environments 


Question 3

Define Human Resource Management Strategy

Answer 3

Identifying key HR processes and linking those to the overall business strategy.

Question 4

Define Human Capital

Answer 4

Human capital is the value of knowledge, skills, and capabilities of the employees of an organization. They are intangible and do not show up on the balance sheet as an asset, but they have a definite impact on the performance of an organization. Unlike buildings and machines, the organization does not own human capital; the employees themselves own it, and they take it with them if they leave an organization.