Table of Contents
What are the latest trends of HRM?
The trends of artificial intelligence, diversity, gig economy, cloud-based HR tech, and productivity skills will drive the HR management in 2021 to formulate, implement corporate strategies, and improve employee engagement to boost a business.
What are the recent trends in compensation management?
The important current trend in compensating employees is cafeteria approach that consists of pay plus benefits and services. The employee picks benefits and services as per needs within the limit of the pay package. Variable pay plans are also a current issue in compensation management.
What are the different types of trends that have impacted HRM?
6 Trends That Changed HR Over the Past Decade
- Companies Get Social.
- Benefits Go a la Carte.
- Feedback Becomes Fluid.
- Technology Moves Work Beyond the Office.
- Career Development Is Agile and Gig-Focused.
- Analytics Change the Game—Slowly.
What are the basics of HRM?
The seven HR basics
- Recruitment & selection.
- Performance management.
- Learning & development.
- Succession planning.
- Compensation and benefits.
- Human Resources Information Systems.
- HR data and analytics.
What is basis of HRM?
Human resource management has four basic functions: staffing, training and development, motivation, and maintenance. Staffing is the recruitment and selection of potential employees done through interviewing, applications, networking, etc.
What are the three phases of HRM?
Generally, there are three phases of Human Resource Management namely, the pre-hiring phase of the employee, Training and Development phase and the post-hiring phase of the employee. HR managers are bestowed with the responsibility to recruit right employees to fill in the vacant positions in the organization.
What are the 4 phases of human resource planning?
Key Takeaways There are four general steps in the HRP process: identifying the current supply of employees, determining the future of the workforce, balancing between labor supply and demand, and developing plans that support the company’s goals.