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Human resource management. Human resource management ( HRM or HR) is the strategic approach to the effective and efficient management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize employee performance in service of an employer's strategic objectives.
Human resource management function involves the recruitment, placement, evaluation, compensation, and development of the employees of an organization. Initially, businesses used computer-based information systems to: produce paychecks and payroll reports; maintain personnel records; pursue talent management.
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' Human resource planning includes creating an employer brand, retention strategy, absence management strategy, flexibility strategy, (talent management) strategy, (recruitment) and selection strategy. Contents 1 Best practices 2 Implementation Stages 2.1 1. Assessing the current HR capacity 2.2 2. Forecasting HR requirements 2.3 3. Gap Analysis
Human resource management consists of deliberate organizational activities designed to improve employee productivity and administration through such means as recruitment, compensation, performance, evaluation, training, record keeping and compliance.
The execution/implementation phase ensures that the project management plan's deliverables are executed accordingly. This phase involves proper allocation, co-ordination and management of human resources and any other resources such as material and budgets. The output of this phase is the project deliverables. Project documentation
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- The Ultimate Collection of Business Documents Templates.