Chapter 11 - Human Resource Management (HRM)
This chapter is divided into two parts - Insurance and Taxation
Learning Intentions
Success Criteria
1. Be able to list the 6 functions of the HR manager
2. Be able to outline the function of Human Resource planning
3. Be able to outline the function of Recruitment and Selection (7 steps, Advantage of Internal and External recruitment)
4. Be able to outline the function of Training and Development (Explain the key terms and the benefits of training)
5. Be able to outline the function of Performance Appraisal (Define what it is and the benefits to the employee and the company)
6. Be able to outline the function of Employee Welfare and Rewards (Define key words, Examples of Monetary and non monetary rewards)
7. Be able to outline the function of Industrial Relations (Link to Chapter 3)
8. Describe the benefits of effective HRM
Syllabus
This section links with the syllabus under the following sections
4.5.6 - Explain the key functions of Human Resource Management
4.5.10 - Understand the relationship between employees and employers and the role of trade unions
4.5.11 - Understand the central role of Human Resource Management (HL)