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Question
Discuss the Operative functions of HRM.
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Solution
Operating functions of HRM:
- Procurement: Acquisition deals with job analysis, human resource planning, recruitment, selection, placement and promotion.
- Development: It includes performance appraisal, training, executive development, and organizational development.
- Compensation: It deals with job evaluation, wage and salary administration, incentives, bonus schemes.
- Retention: This is made possible through health and safety, social security, job satisfaction and quality of work life.
- Maintenance: This encourages employees to work with job satisfaction, reducing labour turnover, for human resource.
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