What Is HRM?
• HRM consists of the policies, practices, and decisions that concern making effective and efficient use of the employees of an organization in order to achieve the organization’s objectives.
 

HRM Functions
• Job Analysis
• Recruiting & Selection
• Performance Appraisal
• Training & Development
• Compensation
• Safety & Health

Job Analysis
• A process to identify and determine in detail the particular job duties and requirements.
• Determines the importance of the different jobs and their hierarchy within the Organization.
• Establishes and documents the 'job relatedness' of employment procedures such as training, selection, compensation, and performance appraisal.

Recruiting & Selection
• Successful recruitment and selection is an important factor in contributing to the organization's ability to attract and retain its employees
• Reduction in staff turnover reduces costs i.e advertising/training costs
• Creates a good impression of the organization thus encouraging potential candidates to apply

Performance Appraisal
• Essential for the effective management and evaluation of staff.
• Appraisals help develop individuals, improve organizational performance,
• Directly related to the employees’ compensation scheme within the organization.

Training & Development
• Improving the performance of the organization’s workforce and enhancing the services provided to customers.
• Attracting and retaining a knowledgeable and skilled workforce.
• Resulting in performance improvement that is measurable
• Orienting the staff of the organization’s core activities


Compensation
• Systematic approach to providing monetary value to employees in exchange for work performed.
• Achieves several purposes assisting in recruitment, job performance, and job satisfaction
• May be adjusted according the business needs, goals, and available resources
• Handling all forms of payment for the employees including salaries, bonuses, profit-share...

Safety & Health
• Improving the health and productivity of the staff.
• Increases the retention rate by providing work security for staff
• Improving organization’s image in the market