Explain the five major components of a human resource management system.

Question

What will be an ideal response?

Answer 1

There are five major components of an HRM system. The first that managers use is recruitment and selection. Managers must attract and hire new employees who have the abilities, skills, and experience that will help an organization achieve its goals. 

The second component managers use is training and development, to ensure that organization members develop the skills and abilities that will enable them to perform their jobs effectively in the present and the future.

The third component, performance appraisal and feedback, serves two different purposes in HRM. First, performance appraisal can give managers the information they need to make good human resources decisions-decisions about how to train, motivate, and reward organization members. Second, feedback from performance appraisal serves a developmental purpose for members of an organization.

On the basis of performance appraisals, managers distribute pay to employees, which is part of the fourth component of an HRM system. They reward high-performing organization members with pay raises, bonuses, and the like, to increase the likelihood that an organization's most valued human resources will be motivated to continue their high levels of contribution to the organization.

Last, labor relations encompass the steps that managers take to develop and maintain good working relationships with the labor unions that may represent their employees' interests.