Mba HRM
Mba HRM
5. 5. Personnel Management
“Personnel management is that part of the management process which is primarily
concerned with the human constituents of an organisation.”
7. Managerial functions
1. Planning
2. Organization
3. Directing
4. Controlling
8. Operative Functions
1. Procurement of Personnel
2. Development of Personnel
3. Compensation to Personnel
4. Maintaining Good Industrial Relation
5.Personnel Planning and Evaluation
9. Importance of HRM.
1. It helps management in the preparation adoption and continuing evolution of personnel
programmes and policies.
2. It supplies skilled workers through scientific selection process.
3. It ensures maximum benefit out of the expenditure on training and development and
appreciates the human assets
17. Selection
The Selection is the process of choosing the most suitable candidate for the vacant
position in the organization.
29. Wage
Wage refers to the amount of money that an employee or a worker is getting in lieu of the
work that he/she is doing. Talking more specially in HR terms wage refers to a defined amount
of money given to an individual for work or services which is given on a daily or weekly basis.