Fundamentals of Human Resource Management - Quick Revision Sheet
Quick revision
| Item | Fact |
|---|---|
| Chapter | Unit IV, Chapter 9; opening couplet Kural 578 |
| Peter F. Drucker | Man, of all resources available to him, can grow and develop |
| E.F.L. Brech | HRM is the part of management concerned with the human constituents of an organisation |
| Characteristics of HR | 11, e.g. only living factor, emotional, unpredictable, movable, appreciates in value |
| Significance of HR | 8 reasons, e.g. protected by legislative frameworks |
| Features of HRM | 11, e.g. science and art, interdisciplinary, intangible |
| Significance of HRM | 12 reasons, from manpower needs to collective bargaining |
| Managerial functions | Planning, organising, directing, controlling |
| Operative functions | Procurement, development, compensation, retention, integration, maintenance |
| Control process | Standards, measure, compare, deviations, corrective action |
| Labour turnover | Rate at which employees leave; reduced by maintenance |
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