5 ADVANTAGES OF HRM

ADVANTAGES OF HRM

1. Attracts and retains talented employees: HRM practices help organizations attract and keep skilled and talented employees by offering competitive salaries, benefits, and career growth opportunities.


2. Improves employee morale: HRM practices can create a positive work environment, encourage employee feedback, and recognize employee achievements, which can lead to improved employee morale.


3. Increases productivity: HRM practices provide training and development opportunities, set clear expectations and goals, and reward high-performing employees, which can lead to increased productivity.


4. Enhances the organization's reputation: Good HRM practices create a positive employer brand and reputation as a good place to work, which can improve the organization's image.


5. Reduces employee turnover: By implementing effective HRM practices, organizations can reduce employee turnover, which can be expensive in terms of recruitment, training, and lost productivity.

note: Morale refers to the emotional or mental state of an individual or group with regard to their confidence, enthusiasm, and overall level of satisfaction.

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