Lesson 1 Flashcards
the practice of recruiting, hiring, deploying and managing an organization’s employees.
Human resource management (HRM)
often referred to simply as human resources (HR).
HRM
A company or organization’s HR department is usually responsible for :
creating, putting into effect and overseeing policies governing workers and the relationship of the organization with its employees.
The term human resources was first used in the :
early 1900s, and then more widely in the 1960s, to describe the people who work for the organization, in aggregate.
HRM is employee management with an emphasis on :
employees as assets of the business
In this context, employees are sometimes referred to :
As human capital
As with other business assets, the goal is to :
make effective use of employees, reducing risk and maximizing return on investment (ROI).
The modern term human capital management (HCM) is often used by :
large and midsize companies when discussing HR technology.
The purpose of HRM practices is to :
manage the people within a workplace to achieve the organization’s mission and reinforce the corporate culture.
When people management is done effectively, HR managers can :
help recruit new employees who have the skills to further the company’s goals.
HR professionals also aid in the :
training and professional development of employees to meet the organization’s objectives.
A company is only as good as its employees, making HRM a :
crucial part of maintaining or improving the health of the business.
Additionally, HR managers monitor the state of the job market to :
help the organization stay competitive.
HR managers include :
ensuring compensation and benefits are competitive, events are planned to keep employees from burning out and job roles are adapted based on the market
How does HRM work ?
HR professionals manage the day-to-day execution of HR-related functions.
Typically, human resources is a :
standalone department within an organization.