The concept of HRM primarily focuses on:
A) Managing people
B) Financial management
C) Supply chain management
D) Marketing strategies
Answer (2)
The concept of HRM primarily focuses on managing people within an organization. HRM encompasses various practices such as hiring, training, and employee relations that are essential for organizational success. Therefore, the correct answer is A) Managing people.
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The concept of Human Resource Management (HRM) primarily focuses on (A) Managing people.
HRM is a vital area of business that involves the strategic approach to effectively managing people within an organization. This includes a variety of functions such as recruitment, training and development, performance management, employee relations, compensation and benefits, and ensuring compliance with employment laws and regulations.
Recruitment : HRM is responsible for attracting and hiring the right talent needed for the organization through job postings, interviews, and selection processes.
Training and Development : HRM focuses on the growth and development of employees by organizing training programs, workshops, and career development activities to enhance skills and performance.
Performance Management : This involves setting performance standards, evaluating employee performance, and providing feedback or taking corrective actions to improve productivity.
Employee Relations : HRM aims to foster a positive work environment by managing relationships between employees and the organization, handling grievances, and resolving conflicts.
Compensation and Benefits : HRM designs and manages compensation structures to ensure competitive salaries and benefits, including health insurance, retirement plans, and bonuses.
Legal Compliance : HRM ensures that the organization follows labor laws and regulations, maintaining workplace safety, and ethical practices.
By focusing on these areas, HRM plays a critical role in maximizing employee performance and ensuring organizational success.
