Introduction to human resource management Definitions

Question 1

Human resource management(HRM)

Answer 1

the business function that involves recruitment, training, compensation and motivation of employees to meet business objectives

Question 2

Workforce planning

Answer 2

the process of forecasting how many and what type of employees are needed now and in the future

Question 3

Recruitmenti

Answer 3

the process of seeking, finding and hiring people for a position in an organization

Question 4

Labour turnover

Answer 4

the percentage of workers leaving the business in a period of time

Question 5

Training

Answer 5

the process of teaching employees new skills or improving the skills they already have

Question 6

Appraisal

Answer 6

an assessment of an employee’s performance

Question 7

Dismissal

Answer 7

an act in which a business releases an employee for their job, usually because of poor work performance or misconduct

Question 8

Redundancy

Answer 8

a situation where a particular job someone is doing is not required, and the business eliminates the position

Question 9

Flexitime

Answer 9

flexible hours agreed and scheduled by the management and the employee

Question 10

Labour mobility

Answer 10

the extent to which workers can move to a new location to take a job(geographical mobility) or change careers(occupational mobility)

Question 11

Gig economy

Answer 11

the section of the economy that provides temporary work for freelancers