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What is meant by HRM? - Business Studies

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What is meant by HRM?

What is human resource management?

What is meant by human resource management?

Short Answer
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Solution 1

  1. Human resource management may be defined as a set of policies, programs, and practices designed to maximise both personal and organisational objectives.
  2. It is the process of binding people and organisations together so that the objectives of each are achieved.
  3. According to Flippo, personnel management, or human resource management, is “planning, organising, directing, and controlling the procurement, development, compensation, integration, maintenance, and reproduction of human resources to the end that individual, organisational, and societal objectives are accomplished”.
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Solution 2

Human Resource Management (HRM) involves continuously developing and managing the abilities of individuals, groups, teams, and organisations to meet their goals. Managing employees requires planning, recruiting, training, developing, and retaining them to achieve organisational goals while guaranteeing their well-being and productivity. HRM connects individuals and organisations, promoting a harmonious and efficient work environment.

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Human Resource in a Commercial Organization
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Chapter 1: Introduction to Human Resource Management - EXERCISES [Page 11]

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