The meaning of the acronym HRM is Human Resource Management. Human resource management (HRM) is the practice of recruiting, hiring, deploying and managing an organization's employees. HRM is really employee management with an emphasis on those employees as assets of the business.
HRM is a staff functions. A "staff function" supports the organization with specialized advisory and support functions. For example, human resources, accounting, public relations and the legal department are generally considered to be staff functions.
Finding ways to reduce ________ is a key responsibility of management.
The reward and control systems should be altered to support the strategic human resource function. Strategic human resource management is the practice of attracting, developing, rewarding, and retaining employees for the benefit of both the employees as individuals and the organization as a whole.
All aspects of the merger need managing. A merger is a corporate strategy of combining different companies into a single company in order to enhance the financial and operational strengths of both organizations.
Commitment strategy is inherently long term. An employee commitment strategy is a promise, a sort of mission statement where your business leaders also commit to the employee population. Like many other things, commitment is a two-way street.
HR professionals has to be skilled in the art of ________.
Quality of management is likely to be another key agenda item. Quality management is the act of overseeing all activities and tasks needed to maintain a desired level of excellence. This includes the determination of a quality policy, creating and implementing quality planning and assurance, and quality control and quality improvement.
Strategic thinking is a continuous process. Strategic thinking is an ability to plan for the future. It's the capacity to prepare strategies and conjure ideas that will both cope with changing environments and consider the various challenges that lie ahead.
Recruitment is considered as a strategic activity. Recruitment is the process of attracting qualified candidates for a job role and Selection is the process of identifying and selecting the right candidate for that job. Recruitment is not only an operational activity but a key strategic activity for the business.