HR CH 1 and 2 KEY NOTES

HRMT407

Human Resource Management (HRM) encompasses various functions such as __________, selection, training and development (T&D), ethics and employee rights, compensation and benefits, and employee reward systems.

recruiting

The rise of new technologies has significantly impacted HRM in areas like recruiting, selection, pay, and __________.

training

Globalization has reshaped HRM, necessitating hiring personnel who are __________ and adept at working in diverse cultural and professional settings.

multilingual

Strategic Planning is a key aspect of HRM, which involves the alignment of human capital strategy with the company’s __________ goals.

overall business

Recruitment and Selection are central to HRM’s function, where attracting and selecting __________ talent is vital for an organization’s growth.

top-tier

By investing in training programs and skill-building initiatives, HRM empowers employees to reach their __________ potential.

full

Performance Management involves setting clear performance expectations, providing feedback, and conducting __________.

appraisals

HRM mediates between management and employees, handling __________ and grievances to promote open communication.

conflicts

Developing competitive compensation packages that align with industry standards is essential for attracting and retaining __________.

talent

HRM plays a pivotal role in promoting Diversity, Equity, and Inclusion (DEI) by implementing policies that prevent __________.

discrimination

HRM must ensure that the recruitment process attracts candidates from various demographics and is __________ and unbiased.

fair

Training that promotes __________ awareness and sensitivity helps create an environment where all employees feel respected.

cultural

HRM designs compensation structures that are competitive and __________, crucial for attracting a diverse workforce.

equitable

HRM's role is intertwined with DEI, with HRM being the driving force behind a workplace culture that values __________.

diversity