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Introduction to Human Resources Management Video Lecture | Commerce & Accountancy Optional Notes for UPSC
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FAQs on Introduction to Human Resources Management Video Lecture - Commerce & Accountancy Optional Notes for UPSC
| 1. What is HRM and why is it important in the field of commerce? |  |
Ans. Human Resource Management (HRM) is the process of managing human resources within an organization to maximize employee performance and achieve the organization's strategic objectives. It is important in the field of commerce as it helps in recruiting, training, developing, and retaining a skilled workforce, which is crucial for the success and growth of any business.
| 2. What are the key functions of HRM in an organization? | |
Ans. The key functions of HRM in an organization include recruitment and selection, training and development, performance management, compensation and benefits, employee relations, and compliance with labor laws and regulations.
| 3. How does HRM contribute to the overall success of a business? | |
Ans. HRM contributes to the overall success of a business by ensuring that the organization has the right people with the right skills in the right positions. It also helps in creating a positive work culture, motivating employees, improving employee engagement, and enhancing productivity and performance.
| 4. What are the challenges faced by HRM professionals in today's business environment? | |
Ans. Some of the challenges faced by HRM professionals in today's business environment include managing diversity in the workforce, adapting to technological advancements, addressing work-life balance issues, and dealing with changing labor laws and regulations.
| 5. How can HRM help in talent retention and employee satisfaction? | |
Ans. HRM can help in talent retention and employee satisfaction by implementing effective recruitment and selection processes, providing opportunities for career development and growth, offering competitive compensation and benefits, promoting a positive work culture, and maintaining open communication with employees.
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