Important concepts :

HRM - 1.

Human Resource management is the process of acquiring,

training, appraising and compensating employees. Alongside it

includes attending labor relations, health and safety and fairness
concerns.
2. A manager is a person responsible for accomplishing the
organization's goals, and who does so by managing the efforts of the
organization's people.
3. Motivating subordinates is an important part of leading.

4. Establishing goals and standards; developing rules and procedures;

developing plans and forecasting is known as planning.
5. Authority is the right to make decisions, to direct the work of
others, and to give orders.
6. The human resource manager directs the activities of the people in
his or her own department is a line function in HR manager's
duties.
7. The transactional HR group focuses on using centralized call
centers and outsourcing arrangements with vendors (such as benefits
advisers) to provide specialized support in day-to-day activities.

8. Globalization refers to the tendency of firms to extend their

sales, ownership, and/or manufacturing to new markets abroad.
9. Human capital refers to knowledge, education, training, skills
and expertise of a firm's workers.
10. Evidence based HRM is the use of data, facts, analysis,
scientific rigor, critical evaluation, and critically evaluated case studies
to support human resource management proposals, decisions, and
conclusions.
11. Ethics means the standards someone uses to decide what his or
her conduct should be.
12. Strategic plan is a company's plan for how it will match its
internal strengths and weaknesses with external opportunities and
threats in order to maintain a competitive edge.
13. The exporting of jobs from developed countries to countries where
labor and other costs are lower is called offshoring.
14. Strategic human resource management links the HRM with
strategic goals and objectives in order to improve business
performance and develop organizational cultures that foster
innovation and flexibility. It involves formulating and executing HR
system. It executes HR policies and activities that produce the

employee competencies and behaviors that the company needs to

achieve its strategic aims.
15. Job rotation means systematically moving workers from one job
to another.

16. Job analysis includes Job title, Job summary, responsibilities

and duties, job specifications, authority of incumbent, standards of
performance.
17. Position analysis questionnaire uses set of standard
basic activities called worker functions to describe what a
worker must do with respect to data, people and things.
18.Democracy, (from Greek: "") or "democratic government", is "a system
of government in which all the people of a state orpolity ... are involved in making decisions
about its affairs, typically by voting to elect representatives to a parliament or similar
assembly", as defined by the Oxford English Dictionary.[1] Democracy is further defined as
(a:) "government by the people; especially : rule of the majority (b:) "a government in which
the supreme power is vested in the people and exercised by them directly or indirectly
through a system of representation usually involving periodically held free elections.
19. Revolution : a forcible overthrow of a government or social order in favor of a new system.
20. Job evaluation is the process of analyzing and assessing various jobs systematically to
ascertain their relative worth in an organization.