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In this video, we dive deep into the core components of Human Resource Management (HRM). HRM includes all activities used to attract and retain employees while ensuring they perform at a high level to meet organizational goals. We will cover the five essential activities of an HRM system: • Recruitment and Selection: How to develop a pool of qualified applicants and determine their potential. • Training and Development: The ongoing process of teaching current job skills and building future abilities. • Performance Appraisal and Feedback: Evaluating worker performance to motivate and reward employees. • Pay and Benefits: Understanding pay structures and incentive systems. • Labor Relations: Managing the relationship between the firm and labor unions. We also explore the legal environment, including Equal Employment Opportunity (EEO), and the importance of Human Resource Planning to forecast future needs. Whether you are a student or a manager, understanding these pillars is crucial for organizational success. #leadership HumanResourceManagement #HRM #ManagementSkills #RecruitmentAndSelection #BusinessEducation #EmployeeDevelopment #laborrelations