1.

Discuss the Operating functions of HRM.

Answer»

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 organisational 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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