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IBU5HRM Human Resource Management can be defined as the strategic approach to the efficient and effective management of the employees in the organization or company in such a manner that they enable their business to achieve a competitive advantage. It is generally fabricated to enhance the overall employee performance in the service of the strategic objective of employees. HRM (human resource management) is fundamentally concerned with the overall administration of the individuals in a company that focuses on the systems and policies.
Human resource departments are primarily responsible for managing employee recruitment, performance appraisal, training and development, reward management, and employee-benefit design. Human resource is also concerned with the industrial relations and organizational change, or balancing of the organizational practices with respect to requirements or needs that arise from the governmental laws and collective bargaining.
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The overall objective of HR (human resource) is to assure that the company has the ability to attain success via the workforce. Human resource professionals administer the human capital of the company and emphasize implementing procedures and policies. They can generally specialize in recruiting, selecting, finding, training, and developing the workforce as well as sustaining employee benefits or relations. Training and development professionals assure that the staff is trained and then have the required continuous development. This is generally done via reward programs, performance evaluation and training programs.
Employee relation generally addresses the concerns of the employees when the policies are broken like cases including discrimination or harassment. Administering the employee benefits incorporates building up compensation structure, discounts, parental leave programs and such other benefits for the employees. There are certain other HR professionals like business partners or HR generalists who could operate in every area or be the labor relation representatives operating with the unionized employees.
Unit details of this course include the following:
Unit code:- IBU5HRM
Location:- Australia
Study Level:- La Trobe University
Phases of the Human resource management
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Human resource management is the modern approach of sustaining and administering the employees at the workplace that emphasizes development, maintenance, utilization, and acquisition. A human resource department is a development-oriented approach. It is a general concern of the managers of each level and gives space for employee involvement, growth, and performance. Many organizations in recent times prefer human resource management to personnel management as HRM has a crucial role to play in sustaining the quality team of the working employees. Besides, this HRM has various importance that is explained below:
The Weightage of this HLSC122 Course Code in Their Semester is mainly at the levels of 15 credit points.
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