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6. Human Resource Management
6.1 The Role of Human Resource Management (HRM)
6.1.1 Definition and objectives of HRM
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What is the primary goal of Human Resource Management (HRM)?
Maximize workforce productivity
One of the objectives of HRM is talent acquisition and
retention
Training and development are objectives of
HRM
aimed at improving employee skills and knowledge.
Order the following objectives of HRM based on their primary focus:
1️⃣ Talent acquisition and retention
2️⃣ Training and development
3️⃣ Performance management
4️⃣ Employee relations
5️⃣ Legal compliance
6️⃣ Cost management
Match the HRM objective with its description:
Employee relations ↔️ Foster positive relationships
Legal compliance ↔️ Adhere to labor laws
Cost management ↔️ Optimize HR-related expenses
What is the purpose of cost management in HRM?
Optimize HR-related expenses
Aligning the workforce with organizational goals is a primary objective of
HRM
.
Training and development enhance employee skills and
knowledge
Why is performance management an objective of HRM?
Evaluate and improve performance
Employee relations in
HRM
focus on fostering positive relationships between employees and management.
One of the objectives of HRM is talent acquisition and
retention