In the ever-evolving landscape of today’s business world, an organization’s most valuable asset is not confined to its physical capital, the latest technology, or even its innovative products, but it is, unequivocally, its people. Human Resource Management (HRM) plays a key role in developing this potential by bringing together people’s strengths and creativity to create a lasting competitive advantage. A successful Human Resource Management approach requires a blend of both practical skills and theoretical knowledge. It involves attracting the right talent, supporting their growth and development, evaluating their performance, and creating reward systems that motivate high achievement.
This textbook is designed as a practical guide to explain the basic concepts of HRM with numerous illustrations. These meaningful examples will help students quickly grasp the concepts and understand them from a practical perspective. This book is thoughtfully structured around the four pivotal stages of an employee’s journey within an organization. It begins with Human Resource Planning and Forecasting, followed by modules on Training, Performance Appraisal, and Compensation Management. Together, these modules illuminate how to strategically align talent with business goals, empower employees through continuous learning, and ensure fairness and motivation through effective compensation.
Contents –
Module 1: Employment Planning and Forecasting
Module 2: Training
Module 3: Performance Appraisal
Module 4: Compensation Management
Model Question Paper – 1
Model Question Paper – 2
Model Question Paper – 3
Model Question Paper – 4
