What is the Human Resources Management (IV)

Human resources management comprises several processes. Together they are supposed to achieve the above mentioned goal. These processes can be performed in an HR department, but some tasks can also be outsourced or performed by line-managers or other departments. When effectively integrated they provide significant economic benefit to the company.

Business practices of human resources management are: Workforce Planning, Recruitment (sometimes separated into attraction and selection), Induction and Orientation and also On-boarding, Skills Management, Training and Development, Personnel Administration, Compensation in Wage or Salary, Time Management, Travel Management (sometimes assigned to accounting rather than HRM), Payroll (sometimes assigned to accounting rather than HRM), Employee Benefits Administration, Personnel Cost Planning, Performance Appraisal, Labor Relations

Source: Wikipedia, The Free Encyclopedia

Related Post(s):
1. What is the Human Resources Management (I)
2. What is the Human Resources Management (II)
3. What is the Human Resources Management (III)
4. What is the Human Resources Management (IV)
5. What is the Human Resources Management (V)
6. What is the Human Resources Management (VI)
7. What is the Human Resources Management (VII)