Human resource management is the formal part of an organization responsible for all of the following aspects of the management of human resources except:
Correct answer: D. management of the Organisation's finances
- A. systems, processes, and procedures
- B. policy making, implementation, and enforcement
- C. strategy development and analysis
- D. management of the Organisation's finances
Explanation
HRM handles HR systems, policies, procedures, and workforce strategy, but the organization’s finances are normally managed by the finance function. Therefore, financial management is the exception.
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About Human Resource Management
Human resource management deals with acquiring, developing, rewarding and retaining employees within an organisation. It includes job analysis, recruitment, selection, training, performance appraisal, compensation, career planning, labour relations and workplace discipline. Recruitment attracts applicants, while selection evaluates them and chooses the most suitable candidate.
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