Unit 3 HRM Report: Functions, Approaches, and Productivity Analysis
VerifiedAdded on 2023/05/29
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AI Summary
This report provides an overview of Human Resource Management (HRM), emphasizing its crucial role in organizational success, particularly within competitive sectors like the automotive industry. It details the core purposes of HRM, including fostering a positive work environment, providing employee facilities, ensuring positive feedback, and managing recruitment, selection, training, and development. The report outlines key HRM functions such as planning, staffing, motivating, appraising, managing change, and evaluation. It discusses strategic and operational approaches to workforce planning, recruitment and selection methods including job descriptions, skill inventories, and multi-step recruitment processes, and training and development approaches like training needs analysis, on-the-job training, and performance appraisal. Furthermore, the report analyzes reward management, work-life balance practices, and performance management strategies to enhance workplace productivity, highlighting the benefits of effective HRM practices such as improved customer retention, increased productivity, enhanced organizational value, higher employee engagement, and reduced turnover rates. The report concludes by referencing various academic sources to support its analysis.
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