Correct Answer: Correct answer is: (B) Planning, organising, staffing, leading and controlling.
Exam Relevance: HRM exams, Management exams, MBA exams
Difficulty: Moderate
Concept notes: Human Resource Management (HRM) involves a set of core functions that are essential for managing the workforce effectively. These functions include planning, organizing, staffing, leading, and controlling.
Common Mistakes: Students often confuse HRM functions with other management functions or miss out on some of the key functions, such as leading.
Explanations: The correct answer is B because Human Resource Management encompasses the full range of activities needed to manage employees effectively. Planning involves forecasting HR needs, organizing involves structuring the HR department, staffing involves recruitment and selection, leading involves motivating and developing employees, and controlling involves performance evaluation and compliance with policies.
Option Analysis: - Option A: This option is incomplete as it only includes planning and controlling, missing out on organizing, staffing, and leading.
- Option B: This option correctly identifies all the core functions of HRM.
- Option C: This option includes marketing, which is not a core function of HRM, and misses out on organizing and controlling.
- Option D: This option includes promoting, which is not a core function of HRM, and misses out on planning and leading.
Mnemonic: POLSAC: Planning, Organizing, Leading, Staffing, and Controlling.