Chapter 10: What is Human Resources

To solely manage employee payroll and benefits.

To help businesses meet immediate and long-term objectives by reducing risk and increasing ROI.

To oversee the company's marketing and sales strategies.

To only handle recruitment and selection of new employees.

HRM is limited to a single division and handles only administrative tasks.

HRM primarily focuses on external market analysis and competitor strategies.

HRM serves as a cross-departmental role overseeing the management of all employees, from entry-level to executives.

HRM is solely responsible for the financial planning and budgeting of the company.

To conduct performance reviews and determine pay raises.

To introduce them to the company's history, culture, values, and work ethics.

To finalize their compensation and benefits packages.

To provide advanced training for highly experienced staff members.

Workforce Planning

Recruiting & Selection

Marketing & Sales Strategy

Remuneration

Small businesses have dedicated HR divisions, while large corporations rely on generalists.

Large corporations have dedicated HR divisions with specialized roles, while small businesses use HR generalists.

Both small businesses and large corporations use HR generalists for all tasks.

Small businesses focus on hiring, while large corporations focus on payroll.

Minimizing employee benefits.

The successful completion of organizational goals.

Reducing the overall workforce size.

Strictly adhering to traditional HR practices.

Technical, analytical, and financial.

Interpersonal, communicative, and collaborative.

Marketing, sales, and negotiation.

Logistical, operational, and strategic.

To increase administrative workload.

To transform routine administrative tasks into strategic enablers of company value.

To reduce employee participation and retention.

To eliminate the need for human HR professionals.