ACCT 210 Lecture Notes - Lecture 34: Human Resource Management, Employee Retention, Human Resources

• School: College of The Sequoias
• Department: Accounting (ACCT)
• Course: ACCT 210
• Professor: mohamed

Document Summary

Learning objectives: explain the role of hrm in organizations, define and discuss some of the major hrm activities. Every organization, large or small, uses a variety of capital to make the business work. Capital includes cash, valuables, or goods used to generate income for a business. No matter the industry, all companies have one thing in common: they must have people to make their capital work for them. Human resource management (hrm) is the process of employing people, training them, compensating them, developing policies relating to them, and developing strategies to retain them. Most experts agree on seven main roles that hrm plays in organizations. One of the major tasks in hrm is staffing. Staffing is the entire hiring process from the first step of posting a job to the actual hiring of an employee. Within the staffing function, there are four main steps: development of a staffing plan.