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Human Resource Management
Human Resource Management (HRM) is a process by which an organization acquires, develops, and maintains a qualified workforce. It is the organizational function that deals with the people side of work, including planning, organizing, directing, and controlling the people who work in an organization. HRM includes managing employee relations, compensation, benefits, training, and employee development.
In order to be effective, HRM must align with the organization’s strategic plan. The HRM strategy should support the business strategy and contribute to the achievement of the organization’s goals and objectives.
The HRM function can be divided into three main categories: talent acquisition, talent management, and workforce planning.
Talent Acquisition
Talent acquisition is the process of attracting, recruiting, and hiring employees. The goal of talent acquisition is to find and hire the best possible candidates for open positions. This includes identifying the skills and experience that are required for the job, sourcing candidates, screening candidates, and conducting interviews.
Talent Management
Talent management is the process of developing and retaining employees. The goal of talent management is to ensure that employees have the necessary skills and knowledge to be successful in their jobs. This includes providing training and development opportunities, performance management, and succession planning.
Workforce Planning
Workforce planning is the process of determining the future workforce needs of an organization. The goal of workforce planning is to ensure that the organization has the right number of employees with the right skills and knowledge to meet its future needs. This includes forecasting future workforce needs, assessing the current workforce, and developing plans to close any gaps.
HRM is a critical function in any organization. It plays a vital role in ensuring that the organization has the right people in the right jobs. By aligning with the organization’s strategic plan, HRM can help to ensure that the organization is able to achieve its goals and objectives.
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