Introduction to HRM Exam with Questions and Answers

Introduction to HRM Exam with Questions and Answers What is human resource management (HRM)? ANSWER The process of managing an organization's human resources to achieve strategic business goals and objectives, which involves activities such as recruitment, selection, training, development, performance management, and compensation. Manpower ANSWER hardest asset to be managed. What is the role of HRM in organizations? ANSWER To attract, develop, and retain a talented and motivated workforce that can contribute to the achievement of the organization's goals and objectives. Collective Bargaining Agreement (CBA) ANSWER Agreement between employees and employers. HRM Function ANSWER HRM is to function within an organization that focuses on recruitment or management of and providing direction to people who work in the organization. What is employee relations? ANSWER The management of relationships between an organization and its employees, including addressing employee concerns, resolving disputes, and maintaining a positive work environment. Holidays and Overtime Pay ANSWER Special Holidays - 30% Regular Holidays - 100% (double pay) Overtime - beyond 8 hours, minimum of 1 hour, 25%