Fundamentals of Human Resource Management
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Advanced Bank Management — CAIIB.
One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
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%
What does the term 'human resource' signify in the context of an organisation?
Human resource refers to the collective knowledge, skills, abilities, and potential of the people employed by an organisation to achieve its objectives.
If 120 out of 5,000 employees resign in a year, what is the resignation-only attrition rate?
2.4%
Which key function of HRM is concerned with identifying and filling vacancies in an organisation?
Recruitment and Selection is the HRM function concerned with identifying job vacancies, attracting suitable candidates, and selecting the most appropriate person for the role.
How does Strategic HRM (SHRM) treat employees differently from traditional personnel management?
SHRM treats employees as strategic assets aligned with long-term business goals
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