chapter 1HR in a Nutshell
This chapter presents an overview of human resource management (HRM], including its functions and its value to an organization. It also discusses more general functions of management and the unique value created by well-trained human resource professionals.
CHAPTER OBJECTIVES
After completing this chapter, the student should be able to
1. Understand the value of human resource management.
2. Identify the core functions of management.
3. Understand the varied forms of HR strategy.
4. Understand the fit between HR and firm strategy.
Functions of Management
First, let’s review the four basic functions of management: (1) leading, (2) planning, (3) organizing, and (4) staffing. While HRM makes a significant contribution to ...
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