Human resource management is the formal system that is in place in an organization in which they employ it to handle and manage the employees of the organization.
In a human resource management, there are 4 elements that outline the key principles. Each of these elements requires careful planning and close maintenance to ensure a seamless operation throughout the organization.
The 4 key principles are:
Acquisition – The manpower planning and employee recruitment are categorized under acquisition where a close assessment and consideration on candidate’s profile needs to be done in order to ensure relevance to the organization’s goals and requirement
Development – There are many training plans and modules that are used under the development aspect of Human Resource Management. Through these, the employees are constantly provided with skills and capabilities to increase their value to the organization Continue reading “4 Key Principles of HR Management and Human Capital Strategy”