Month: August 2024

The 5M framework in HRM refers to Manpower, Machines, Methods, Materials, and Money. It highlights the key resources needed for efficient operations and helps HR professionals manage them strategically.

The full form of 5S stands for Sort, Set in order, Shine, Standardize, and Sustain. This methodology is used to improve workplace organization, reduce waste, and enhance employee productivity.

5S Kaizen is a workplace organization method that includes Sort, Set in order, Shine, Standardize, and Sustain. It helps organizations improve efficiency, reduce waste, and create a clean and safe work environment.

The 4 fundamental principles of HRM are fairness, accountability, transparency, and respect. These principles ensure that HR practices are ethical, compliant with regulations, and aligned with the organization’s values, fostering a positive work environment.

The 7 components of HRM are recruitment, training and development, performance management, compensation and benefits, employee relations, compliance, and workforce planning. Together, they form a comprehensive approach to managing an organization’s workforce.

A framework in HR refers to a structured approach to managing human resources processes and functions. It includes policies, procedures, and best practices that guide HR professionals in areas such as recruitment, performance management, and employee development.

HR full cycle refers to managing the entire employee lifecycle, from recruitment and onboarding to performance management and offboarding. It ensures that employees are effectively supported throughout their tenure, contributing to organizational success.

To build an effective HR strategy, start by analyzing the company’s business objectives, assessing current HR practices, identifying gaps, and developing plans for talent acquisition, development, and retention. Ensure the strategy aligns with both short-term and long-term goals.

HR flow refers to the movement of employees through various stages of the employment lifecycle, from recruitment to retirement. It includes processes like onboarding, internal mobility, and succession planning to ensure smooth transitions and talent development.

The Ulrich model divides HR functions into four key roles: strategic partner, change agent, administrative expert, and employee champion. It emphasizes the importance of aligning HR practices with business strategy and improving organizational effectiveness.