The four Basic Functions of Human Resource Management are
(1) Acquisition of Human Resource (Getting people)
(2) Development of Human Resource (preparing people)
(3) Motivation of Human Resource (Stimulating people)
(4) Maintenance of Human Resources (Keeping them)
(1) Acquisition of Human Resource: There are two steps involved in acquisition process:
a. Recruitment: Recruitment is a process by which organizations locate and attract individuals to fill job vacancies.
b. Selection: Selection is a process of measurements, decision, making and evaluation.
(2) Development of Human Resources: After selecting and recruiting individuals in the right position of the organization the next function is to train and develop them, so that they can become efficient employees and work toward the achievement of the organization goal.
(3) Motivation of Human Resource: The motivation function is one of the most important functions. After training and developing the employees the HR manager should stimulate them to work well. For motivation purpose the HR manager have to give the employees some compensation and benefit package.
(4) Maintenance of Human Resource: The last phase of the HRM function is called the maintenance function. For maintaining the people HRM should go for some method of providing a safe and healthy work place, labor relation & collective bargaining.
The following figure shows these functions of human resource management. These functions affect external environment also.
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