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Role and Significance of Hrd

In: Business and Management

Submitted By novelwali
Words 1859
Pages 8
Assignment on HRM

Introduction

Human resource management (HRM, or simply HR) is the management of an organization's workforce, or human resources. It is responsible for the attraction, selection, training, assessment, and rewarding of employees, while also overseeing organizational leadership and culture, and ensuring compliance with employment and labor laws. In circumstances where employees desire and are legally authorized to hold a collective bargaining agreement, HR will typically also serve as the company's primary liaison with the employees' representatives

Objectives of HRM
Whilst the precise HR objectives will vary from business to business and industry to industry, the following are commonly seen as important HR objectives:
|Objective |HR Actions |
|Ensure human resources are employed|Pay rates should be competitive but not excessive |
|cost-effectively |Achieve acceptable staff utilisation |
| |Minimise staff turnover |
| |Measure returns on investment in training |
|Make effective use of workforce |Ensure jobs have suitable, achievable workloads |
|potential |Avoid too many under-utilised or over-stretched staff |
| |Make best use of employees skills...

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