how to conduct a viability study on a business opportunity in HRM

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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how to conduct a viability study on a business opportunity in HRM

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 Human Resource Management (HRM) is a function in an organization which involves managing the people and dealing with the problems they face. HRM is required to carry out recruitment, selection, analysis and evaluation of the job.  An employees performance is evaluated and proper feedback is given by the HR professionals for any scope of improvement in their work. They take care of the safety, well being of the employees and frequently carries out skill development programs. The human resource professional conducts diversified functions within the organization and the core functions include staffing, training &development, compensation, safety& health and employee & labor relations.

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