CHATHURANI MBA BLOG

  6 CORE COMPONENTS OF HUMAN RESOURCE MANAGEMENT  The six core components of human resource management are: Recruitment and Selection: The process of attracting and hiring the best-suited candidates for available job positions. Training and Development: The process of training employees to acquire new skills and knowledge, as well as develop their existing abilities to improve their performance. Performance Management: The process of setting performance goals, evaluating employee performance, and providing feedback and coaching to improve performance. Compensation and Benefits: The process of determining employee compensation and benefits, including salary, bonuses, health insurance, retirement plans, and other forms of employee compensation. Employee Relations: The process of managing relationships between employees and the organization, including handling employee grievances and conflicts, as well as creating a positive work environment. Compliance with Employment Laws: The process o

HUMAN RESOURCE PLANNING PROCESS Human resource planning is a strategic process that helps organizations to identify their future human resource needs and develop plans to address those needs. The human resource planning process typically involves the following steps: Environmental analysis: The first step in the human resource planning process is to conduct an environmental analysis to identify the internal and external factors that may impact the organization's human resource needs. This analysis may include factors such as the organization's mission, vision, goals, budget, workforce demographics, labor market trends, and legal and regulatory requirements. Forecasting demand: The next step is to forecast the organization's future human resource needs based on the information gathered in the environmental analysis. This may involve projecting the organization's growth, identifying the types of skills and competencies required for future positions, and determining the nu

 INTERNATIONAL HUMAN RESOURCE MANAGEMENT DEFINITION OF IHRM International Human Resource Management (IHRM) refers to the management of human resources in a multinational or global context. It involves managing human resources across national borders and dealing with issues that are unique to managing employees from different countries and cultures. IHRM encompasses a range of activities, including staffing, training and development, performance management, compensation and benefits, and employee relations, all of which are tailored to meet the specific needs and requirements of an international workforce. It requires a deep understanding of the cultural, legal, and political differences that exist in different countries, as well as the ability to adapt HRM practices to meet the needs of diverse global markets. IMPORTANCE OF INTERNATIONAL HUMAN RESOURCE MANAGEMENT International Human Resource Management (IHRM) is essential for organizations operating in a globalized economy. Here are so