Business Studies: CUET Mock Test - 10

Human resource management (HRM), or human resource development, entails planning, implementing, and managing recruitment, as well as selection, training, career, and organizational development initiatives within an organization. The goal of HRM is to maximize the productivity of an organization by optimizing the effectiveness of its employees while simultaneously improving the work life of employees and treating employees as valuable resources. Consequently, HRM encompasses efforts to promote personal development, employee satisfaction, and compliance with employment-related laws.

Construction requires large number of manpower in the categories of un-skilled, skilled and technical for planning, monitoring and execution of these projects. Manpower demand estimation is an essential component to facilitate manpower deployment. A business proposal is a written document describing ideas or strategies on how to start or maintain a business. This is an important tool for entrepreneurs in terms of planning and organizing the business' operations. It assists a business in evaluating its current economic status and formulating future prospects.

The process of selection aims at selecting the best candidate out of the recruited pool. During this process, the other candidates who do not qualify the requirements or are unfit for the job get rejected. It is due to this fact that the other applicants are rejected or eliminated, the selection process is said to be negative.

Selection criteria is developed to guide recruitment decisions. During the recruitment process applicants are assessed on the extent to which they meet the selection criteria - the preferred candidate is selected according to their overall suitability and best fit with the criteria, relative to other candidates.

Training and development describe the formal, ongoing efforts that are made within organizations to improve the performance and self-fulfillment of their employees through a variety of educational methods and programs with an aim to knowledge, aptitudes, skills and abilities.

As lectures and conference upon a particular topic helps to grasp more ideas upon the topic,which leads to better presentation and therefore development

Human resource management (HRM or HR) is the strategic approach to the effective management of organization workers so that they help the business gain a competitive advantage, Commonly referred to as the HR Department, it is designed to maximize employee performance in service of an employer's strategic objectives. HR is primarily concerned with the management of people within organizations, focusing on policies and on systems. HR departments are responsible for overseeing employee-benefits design, employee recruitment, training and development, performance appraisal, and rewarding . HR also concerns itself with organizational change and industrial relations, that is, the balancing of organizational practices with requirements arising from collective bargaining and from governmental laws.

A tool used to predict and plan future work and skills requirements based upon historical data. By collecting such data it can be estimated that the current workload could be handled by the manpower of the organization. 
Therefore, estimating manpower requirement is workload analysis.

Recruitment (hiring) refers to the overall process of attracting, shortlisting, selecting and appointing suitable candidates for jobs (either permanent or temporary) within an organization. Internet-based technologies to support all aspects of recruitment have become widespread. It is a Postive process.

The main aim of recruitments is to create a talent pool, attracts new talent, improves the quality of hiring and ascertain who is the best fit for the company. These are all different ways of attracting new candidates.

Recruitment is the process of searching capable and qualified individual for job.It create perspective pool of candidate. after this selection process start means select the individual which are capable for job through the prospective pool create at the time of recruitment process

Performance Appraisal is the systematic evaluation of the performance of employees and to understand the abilities of a person for further growth and development.

Employee development is an ongoing process. Employee learns by doing his job regularly and develops by having experience. By working and practicing the employee grows his skills and develops every day.

Supervision is defined as an overseeing and observing the activities of subordinates. Supervision is an activity of observation that helps to ensure that the work is being performed according to the requirement of the job. It can be defined as the function of leading, coordinating, directing the work that supports to achieve the pre-determined goals.

Maslow's hierarchy of needs is a theory of motivation in psychology developed by Abraham Maslow. Maslow believed people move through different stages of five needs that motivate our behavior. He called these needs physiological, safety, love and belonging (social), esteem, and self-actualization. Maslow believed each stage of need had to be met before progression to the next stage of need could occur. For example, before health and financial security becomes a priority, physiological needs for food and water must be met first. Let's take a further look at the second stage of Maslow's hierarchy of needs, the need for safety and security.

Esteem is the fourth layer of Maslow's five-tiered model of human motivation. Esteem needs encompass confidence, strength, self-belief, personal and social acceptance, and respect from others. These needs are represented as one of the key stages in achieving contentedness or self-actualization. While esteem is an internal quality, we are affected by external factors, such as validation and approval from our peers.