KEYTAKEAWAYAS Krishna Nayak v2.0 Notes
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Human resource management involves employing, training, compensating employees and developing workplace policies to retain talent. Key responsibilities of HR managers include staffing, setting policies, offering compensation/benefits, retention, training, ensuring legal compliance, and protecting workers. Additionally, HR must stay up to date on external trends like flexible schedules and telecommuting that impact the workforce so they can effectively address changes in laws, trends, and policies.
KEYTAKEAWAYAS Krishna Nayak v2.0 Notes
- 1. KEY TAKEAWAYS OF HRM CAPITAL includes all resources a company uses to generate revenue. Human resources or the people working in the organisation are the most important resource. HUMAN RESOURCE MANAGEMENT is the process of employing people , training them, compensating them, developing policies relating to the workplace and devloping strategies to retain employees. There are seven main responsibilities of HRM managers staffing, setting policies, compensation and benefits, retention, training and employment laws , and worker protection. In addition to being concerned with the seven internal aspects, HRM managers must keep up to date with the changes in the external environment that may impact the employees. The trends towards flexible schedules and telecommuting are example of external aspects. To effectively understand how the external forces might effect human resources, it is important for the HR managers to read the HR literature, attend conference and utilize other ways to stay up to date with new laws, trends , and policies.