HRM (Quick Revision)

Question 1

Define: HRM (Human Resource Management)

Answer 1

HRM is the management of people at work to help the organisation achieve its objectives.

Question 2

What do the initials HRM stand for?

Answer 2

Human Resource Management

Question 3

State four possible benefits of effective HRM.

Answer 3

• More motivated staff
• More ideas
• Greater loyalty
• Lower labour turnover

Question 4

Why might a firm not have an HRM department?

Answer 4

Does not see a need; cannot afford it.

Question 5

State four indicators of effective HRM.

Answer 5

• Low labour turnover
• Fewer accidents
• Low absenteeism
• Greater productivity

Question 6

What is the Examiner’s note for HRM?

Answer 6

Firms have increasingly paid attention to the role of people in the organisation. The ability of people to contribute to a firm’s competitiveness is increasingly appreciated.

Question 7

What is the Evaluation point for HRM?

Answer 7

Employees are more likely to be motivated to help the firm if:

• Conditions are good
• The rewards are high
• The jobs are well designed
• Employees are involved in decision making