HUMAN RESOURCE MANAGEMENT NOTES
1. INTRODUCTION TO HRM
1.1. Aspects of human resource management
Human Resource Management (HRM) consists of several key aspects that ensure the effective management of an organizations workforce. These aspects include:
1. Recruitment and Selection
Workforce planning
Job analysis and description
Candidate sourcing, screening, and hiring
2. Training and Development
Employee onboarding
Skill enhancement programs
Leadership and career development
3. Performance Management
Setting performance standards
Employee appraisals and feedback
Performance improvement plans
4. Compensation and Benefits
Salary structure and incentives
Employee benefits (healthcare, retirement plans, etc.)
Compensation policies and equity
5. Employee Relations and Engagement
Conflict resolution and grievance handling
Employee motivation and job satisfaction
Organizational culture and work environment
6. Legal and Ethical Compliance
Labor laws and workplace regulations
Ethical policies and corporate social responsibility (CSR)
Diversity, equity, and inclusion (DEI)
7. HR Strategy and Workforce Planning
Aligning HR with business goals
Succession planning and talent management
HR analytics and data-driven decision-makinng