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Fundamentals of Human Resource Management
What is the primary objective of Human Resource Management in an organisation?
The primary objective of HRM is to attract, develop, motivate and retain employees so that the organisation can achieve its goals effectively.
What is the formula for calculating the overall attrition rate in an organisation?
(Total separations / Total employees) × 100
How does HRM differ from traditional Personnel Management?
HRM is a broader, strategic function focused on aligning people with organisational goals, whereas traditional Personnel Management was largely administrative and reactive in nature.
A bank with 5,000 employees recorded 250 separations in a year. What is the overall attrition rate?
5.0%
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