HRM Objectives

• What are the four main functional areas of a business?

  Human resources, operations, finance, marketing
• Why must HRM objectives be consistent with overall business objectives?

  To ensure alignment and effectiveness in operations
• What does HRM stand for?

  Human Resource Management
• What are some main areas of HRM?

  Recruitment, training, talent development, engagement
• How does talent development relate to employee promotion?

  It ensures employees are trained for advancement
• What is a common measure of talent development effectiveness?

  Percentage of vacancies filled internally
• How can training effectiveness be measured?

  Through employee surveys and training spend analysis
• What is the significance of diversity in HRM?

  It ensures sustainability and inclusivity in the workplace
• How can diversity be measured in a business?

  By analyzing gender and ethnicity statistics
• What does alignment of values in HRM refer to?

  Corporate culture and core business values
• How can corporate culture be measured?

  By assessing employee awareness of core values
• What is labor turnover?

  Proportion of staff who leave in a period
• What is staff retention?

  Proportion of staff who stay with the business
• What are common HRM objectives related to recruitment?

  Meeting targets for recruitment and training
• What are the six main types of HR objectives?

  1. Employment engagement
  2. Training and talent development
  3. Diversity
  4. Alignment of values
  5. Labor turnover
  6. Staff retention