This document discusses the functions of HRM, including maintaining employee relations, training and development, recruitment and selection, and reward systems. It also evaluates the strengths and weaknesses of different approaches to recruitment and selection. Additionally, it explores the significance of various HRM practices for both managers and employees, such as organization culture, recruitment and retention, training and development, conflict resolution, rewards, and career management. The document further examines the efficiency of different HRM practices in enhancing profit.