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Anand Thakur, Lovely Professional University Unit 7: Human Resource Management

Unit 7: Human Resource Management Notes

CONTENTS
Objectives
Introduction

7.1 Objectives of Human Resource Management
7.2 Issues in Retail Human Resource
7.3 Designing the Organization Structure for a Retail Firm

7.4 Managing Diversity
7.5 Legal Issues in Human Resource
7.6 Ethical Issues Facing HR
7.7 Summary
7.8 Keywords

7.9 Review Questions
7.10 Further Readings

Objectives

After studying this unit, you will be able to:

 Explain about objectives of Human Resource Management
 Discuss about Issues in retail human resource
 Design the organization structure of retail firm
 Explain about managing diversity

 Discuss legal issues in human resource

Introduction

Human resource management (HRM or simply HR) is the management of an organization’s
workforce, or human resources. It is responsible for the attraction, selection, training, assessment,
and rewarding of employees, while also overseeing organizational leadership and culture, and
ensuring compliance with employment and labor laws. In circumstances where employees
desire and are legally authorized to hold a collective bargaining agreement, HR will typically
also serve as the company’s primary liaison with the employees’ representatives (usually a
labor union).
HR is a product of the human relations movement of the early 20th century, when researchers
began documenting ways of creating business value through the strategic management of the
workforce. The function was initially dominated by transactional work such as payroll and
benefits administration, but due to globalization, company consolidation, technological
advancement, and further research, HR now focuses on strategic initiatives like mergers and
acquisitions, talent management, succession planning, industrial and labor relations, and
diversity and inclusion.

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