Lesson 2 Flashcards
4 Managerial Functions
- Planning
- Organizing
- Directing
- Controlling
This job entails studying and identifying the organization’s human resource needs, both in terms of number and quality.
Planning
This includes developing job descriptions and specifications, as well as building job structures and hierarchies.
Organizing
the process of leading and inspiring personnel to achieve the goals of the firm.
Directing
entails monitoring and analyzing workforce performance and taking corrective action as needed.
Controlling
11 Key Functions of HRM
1.Talent Recruitment
2.Onboarding
3.Training management
4.Performance appraisal
5.Workforce Engagement
6.Payroll management
7.Compliance management
8.Succession planning
9.Diversity and inclusion
10.Employee wellbeing
11.Exit management
One of the most significant responsibilities of HRM is talent hiring, which entails discovering and choosing eligible applicants for employment roles.
Talent Recruitment
The process of welcoming and integrating new employees into the organization is known as :
Onboarding
This function is critical for increasing employees’ skills and knowledge, which can lead to improved performance.
Training management
the process of reviewing and delivering feedback to employees. Setting performance goals, holding performance reviews, and generating performance improvement strategies are all part of the process
Performance appraisal
The HRM task of managing relationships between workers and companies is known as :
Workforce Management
The part of HRM responsible for overseeing the salaries and benefits of employees.
Payroll management
The role of HRM that ensures that the organization complies with labor laws, rules, and policies is known as :
Compliance management
The role of resource management that involves identifying and developing possible candidates for leadership roles within the organization is known as :
Succession planning
function of human resource management that entails promoting a varied and inclusive workplace culture.
Diversity and inclusion