HRM: Importance, Role & Functions (059037)

What is Human Resource Management (HRM)?

• The process of managing technology within an organization

• The process of managing human capital within an organization

• The process of managing financial resources within an organization

• The process of managing physical resources within an organization

Which of the following is NOT a function of Human Resource Management?

• Recruitment and selection

• Marketing strategy development

• Performance management

• Training and development

What is the primary goal of Human Resource Management?

• Maximizing shareholder wealth

• Maximizing employee satisfaction

• Maximizing customer satisfaction

• Maximizing organizational effectiveness

Which of the following is an internal factor affecting Human Resource Management?

• Technological advancements

• Government regulations

• Labor market conditions

• Organizational culture

Why is strategic Human Resource Management important for organizations?

• It reduces operational costs

• It improves employee morale

• It aligns HR practices with organizational goals

• It enhances product quality

Which of the following is NOT a key component of strategic Human Resource Management?

• Recruitment

• Compensation and benefits

• Employee relations

• Product development

Which HR function involves identifying the future needs of the organization and planning to meet those needs?

• Recruitment and selection

• Training and development

• Succession planning

• Performance appraisal

What is the significance of effective employee training and development programs?

• Increased employee turnover

• Enhanced employee productivity and performance

• Decreased job satisfaction

• Higher recruitment costs

What is the purpose of performance appraisal in Human Resource Management?

• To determine employee promotions

• To identify employee training needs

• To measure employee satisfaction

• To assess organizational profitability

Which of the following is NOT a benefit of effective Human Resource Management?

• Higher employee retention rates

• Improved organizational performance

• Increased workplace conflicts

• Enhanced employee morale