Explain the functions of Human Resources Management covering the major areas like Personnel Administration, Employee Welfare and Functional Areas.

Human Resource Management

Human resource management or HRM is the term used to describe formal systems devised for the management of people within an organization. It is defined as a strategic and coherent approach to the management of an organization’s most valued assets- the people working there who individually and collectively contribute to the achievement of its objectives.  It can be regarded as a set of interrelated policies with an ideological and philosophical underpinning. It deals with issues related to employees such as hiring, training, development, compensation, motivation, communication, and administration. Human resource management ensures satisfaction of employees and maximum contribution of employees to the achievement of organizational objectives. Thus HRM is a management function concerned with hiring, motivating, and maintaining workforce in an organisation which constitutes Personnel Administration, Employee Welfare and Functional Areas. It means...... (to get the personlised new version of full answers submit your request using the form or send it to spknowledgehub@gmail.com )

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