Functions of HRM : HRP, Shared services, Training & Development, Compensation & benefits, IR

Описание: #hr #humanresources #Vishwajeet
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HRM, or Human Resource Management, refers to the practices and processes involved in managing and developing the human resources of an organization. The functions of HRM can vary depending on the organization's size, industry, and culture

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Human Resource Management (HRM) refers to the management of people within an organization. The functions of HRM can be broadly classified into the following categories:

#humanresources Resource Planning (HRP): This function involves forecasting the future workforce needs of the organization and developing strategies to meet those needs. #HRP includes activities such as analyzing the current workforce, identifying future #workforce needs, and developing plans to recruit, train, and retain employees.

Shared Services: #hrm Shared Services involve the consolidation of HR activities such as #payroll , #benefits administration, and employee relations into a single unit. This allows for more efficient and cost-effective delivery of HR services to employees.

#Training & #Development : This function involves identifying employee training and development needs and designing and delivering programs to meet those needs. #Training and development can include on-the-job #training , #workshops , #seminars , and other forms of learning.

#Compensation & #Benefits : This function involves designing and managing the organization's compensation and benefits packages, including salaries, bonuses, and other forms of rewards and recognition. Compensation and benefits are critical factors in attracting and retaining employees.

Industrial Relations (IR): This function involves managing the relationship between the organization and its employees, including dealing with issues such as collective bargaining, grievances, and disputes. Effective management of IR is essential to maintaining a positive workplace #culture and ensuring that the organization's #objectives are aligned with the interests of its employees.

Overall, the #functions of #HRM are critical to ensuring that an organization has the right people with the right skills, in the right place, at the right time, and at the right cost.

#HRM #HumanResourceManagement #HRPlanning #SharedServices #TrainingandDevelopment #CompensationandBenefits #IndustrialRelations #EmployeeRelations #HRStrategy #TalentManagement #CareerDevelopment #PayrollManagement #EmployeeExperience #BusinessManagement #OrganizationalDevelopment #LeadershipDevelopment #PerformanceManagement #EmployeeEngagement

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