MB105 Lecture Notes - Lecture 8: Job Rotation, Job Interview, Management Development

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Human resource management defined and its importance to an organization. Human resources (hr) the people in an organization need to be managed just as carefully as the material and financial resources of a business. Human resource management (hrm) the organizational, function that deals with the people in the business, from the executives and the managers to the front-line production, sales, and administrative staff. Hrm aims to ensure that the organization is correctly staffed at all times by the right number of employees with the right skills required to meet company goals. Proper management of human assets builds value in the company and ensures time and money is not wasted. Hrm functions encompasses every aspect of the (cid:862)hu(cid:373)a(cid:374)(cid:863) i(cid:374) a (cid:271)usi(cid:374)ess, i(cid:374)(cid:272)ludi(cid:374)g pla(cid:374)(cid:374)i(cid:374)g, re(cid:272)ruiti(cid:374)g, selecting and hiring, training, evaluating, compensating, scheduling, motivating, and transition employees. Hrm also oversees employee-management relations and must always work within the limits of the law (see figure 8. 1).

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