📝 One-liners · 66 cards
FUNDAMENTALS OF HRM
What is the primary objective of Human Resource Management in a banking organization?
The primary objective of HRM is to optimize the utilization of human capital to achieve organizational goals while ensuring employee well-being, development, and satisfaction.
What is the 'Michigan Model' of HRM and its core focus?
Resource-focused model emphasizing tight fit between HR and strategy.
How does HRM differ from traditional Personnel Management in banks?
HRM is a strategic, proactive approach that treats employees as assets and aligns people practices with business goals, whereas Personnel Management was reactive, administrative, and focused mainly on compliance and record-keeping.
What does the acronym 'KSA' stand for in HRM terminology?
Knowledge, Skills, and Abilities required for a job role.
🔒
Unlock 66 revision one-liners
Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for FUNDAMENTALS OF HRM.
🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days