Fundamental of HRM
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 a bank?
The primary objective of HRM in a bank is to ensure the right people with the right skills are placed in the right roles to achieve organizational goals efficiently and effectively.
What is the concept of 'human capital' in banking HRM?
Employees' knowledge, skills, and abilities treated as valuable assets.
How does HRM differ from traditional Personnel Management?
HRM is a strategic, proactive approach that aligns human capital with organizational goals, whereas traditional Personnel Management is reactive and focuses mainly on administrative tasks like payroll and compliance.
What is the meaning of 'organizational culture' in a banking institution?
Shared values, beliefs, and norms guiding employee behaviour in banks.
What are the core functions of HRM?
The core functions of HRM include human resource planning, recruitment and selection, training and development, performance appraisal, compensation management, and employee relations.
What is meant by 'job enrichment' as an HRM tool?
Adding more responsibility and meaning to a job to motivate employees.
What is Human Resource Planning (HRP)?
Human Resource Planning is the process of forecasting an organization's future demand for and supply of employees so that it can meet its staffing requirements in a timely and cost-effective manner.
What is the difference between job enlargement and job enrichment?
Enlargement adds tasks horizontally; enrichment adds responsibility vertically.
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