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HRM: An Overview All the activities involved in acquiring, maintaining, and developing an organization’s human resources Acquisition Human resources planning.

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Presentation on theme: "HRM: An Overview All the activities involved in acquiring, maintaining, and developing an organization’s human resources Acquisition Human resources planning."— Presentation transcript:

1 HRM: An Overview All the activities involved in acquiring, maintaining, and developing an organization’s human resources Acquisition Human resources planning Determining the firm’s human resource needs Job analysis Determining the exact nature of the positions to be filled Recruiting Attracting people to apply for positions in the firm Selection Choosing and hiring the most qualified applicants Orientation Acquainting new employees with the firm Copyright © Cengage Learning. All rights reserved

2 HRM: An Overview (cont’d)
Maintaining Employee relations Increasing employee job satisfaction through satisfaction surveys, communication programs, exit interviews, and fair treatment Compensation Rewarding employee effort through monetary payments Benefits Providing rewards to ensure employee well-being Development Training and development Teaching employees new skills, new jobs, and more effective ways of doing their present jobs Performance appraisal Assessing employees’ current and potential performance levels Copyright © Cengage Learning. All rights reserved

3 HRM: An Overview (cont’d)
Responsibility for HRM Shared responsibility of line managers and staff HRM specialists Staff specialists develop specific HR activities (e.g., training and development) and deliver them with the assistance and input of line managers Copyright © Cengage Learning. All rights reserved


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