HRM Theory Answers Complete
HRM Theory Answers Complete
Objectives of HRM:
1. **Recruitment and Selection** – Ensuring the organization hires the right talent.
2. **Training and Development** – Enhancing employee skills and knowledge.
3. **Employee Motivation** – Encouraging high performance through rewards and
recognition.
4. **Employee Retention** – Reducing turnover by fostering a positive work
environment.
5. **Compliance with Laws** – Adhering to labor laws and regulations.
**Stages of Evolution:**
1. **Industrial Revolution Era:** HR focused on wages, hiring, and welfare.
2. **Personnel Management Era (1900s-1960s):** Administrative tasks like payroll,
record-keeping, and compliance.
3. **HRM Era (1970s-1990s):** Focus on employee development, motivation, and
performance management.
4. **Strategic HRM (2000s-Present):** HR becomes a strategic partner aligning
workforce management with business goals.
**Importance of HRM:**
1. Enhances organizational productivity.
2. Improves employee motivation and satisfaction.
3. Ensures legal compliance and ethical practices.
4. Promotes innovation and teamwork.
**Importance of HRP:**
1. Helps in strategic workforce planning.
2. Ensures optimal use of human resources.
3. Reduces hiring costs and employee turnover.
4. Improves organizational efficiency and productivity.
5. Aids in succession planning and skill development.
**Key Differences:**
1. **Focus** – Job description focuses on tasks, while job specification focuses on
qualifications.
2. **Purpose** – Job description helps in role clarity, while job specification helps in
recruitment.
3. **Content** – Job description includes duties; job specification includes required
skills.
11. Develop a training and development program for addressing skill gaps.
**Steps to Develop a Training Program:**
1. **Identify skill gaps through performance evaluations.**
2. **Set clear training objectives.**
3. **Choose training methods (workshops, e-learning, mentoring).**
4. **Implement the training program.**
5. **Assess effectiveness through feedback and performance analysis.**
13. Explain the process of human resource planning strategy for a global
company.
**HR Planning Strategy for Global Expansion:**
1. **Workforce Demand Forecasting:** Analyze talent needs in new markets.
2. **Talent Acquisition Strategy:** Develop hiring plans.
3. **Cultural and Legal Adaptation:** Align HR policies with local laws.
4. **Training and Development:** Prepare employees for global roles.
5. **Retention Strategies:** Ensure employee engagement and satisfaction.
14. Analyze benefits of proper HRP for startups and suggest solutions to HR
challenges.
**Benefits of HRP for Startups:**
1. Efficient hiring and cost management.
2. Improved employee performance and retention.
3. Adaptability to market changes.