HRM Summary
The HRM part of the HRM M&O test in the Performance Module
By Lisa van der Feer
Written in 2019-2020
, Contents
Why is HRM important?........................................................................................................................3
The Stenden HRM model...................................................................................................................3
How Training leads to higher sales & profit margins.............................................................................3
Recruitment and Selection....................................................................................................................4
The Recruitment Cycle.......................................................................................................................4
Workforce planning; Vacancy and Turnover rates.............................................................................4
Sourcing.................................................................................................................................................5
Internal recruitment..........................................................................................................................5
External recruitment..........................................................................................................................5
Onboarding............................................................................................................................................5
Absenteeism..........................................................................................................................................6
Succession planning...............................................................................................................................6
Performance Management....................................................................................................................7
Salary & Bonusses..................................................................................................................................7
Reward strategies..............................................................................................................................8
Employer Perspective....................................................................................................................8
The HRM part of the HRM M&O test in the Performance Module
By Lisa van der Feer
Written in 2019-2020
, Contents
Why is HRM important?........................................................................................................................3
The Stenden HRM model...................................................................................................................3
How Training leads to higher sales & profit margins.............................................................................3
Recruitment and Selection....................................................................................................................4
The Recruitment Cycle.......................................................................................................................4
Workforce planning; Vacancy and Turnover rates.............................................................................4
Sourcing.................................................................................................................................................5
Internal recruitment..........................................................................................................................5
External recruitment..........................................................................................................................5
Onboarding............................................................................................................................................5
Absenteeism..........................................................................................................................................6
Succession planning...............................................................................................................................6
Performance Management....................................................................................................................7
Salary & Bonusses..................................................................................................................................7
Reward strategies..............................................................................................................................8
Employer Perspective....................................................................................................................8
