Human resource management (HRM), or MGT501, is a foundational course that gives students a thorough understanding of the ideas, procedures, and roles that make up HRM in businesses. This course, which is designed for students at the intermediate level, covers the fundamentals of managing people and maximizing their contribution to the success of a business.
The course MGT501 explores the fundamentals of human resource management, including strategic planning, human capital acquisition, development, and retention. On this journey, participants learn about performance management, employee relations, hiring, training, workforce planning, job analysis, and remuneration. Through theoretical instruction and real-world case studies, participants learn about the fundamental ideas and strategies that support efficient human resource management in the fast-paced, cutthroat business world of now.
Participants in MGT501 learn about the function of human resource management in advancing the aims and objectives of organizations. Participants gain knowledge about the significance of coordinating HR procedures with the organization's strategic goals and building a positive work atmosphere that encourages worker engagement, output, and contentment. They also learn how HRM draws, nurtures, and keeps elite people, which enhances organizational performance, creativity, and competition.
MGT501 examines how human resource management practices and ideas are applied in a variety of contexts and sectors, including hiring and selection, performance evaluation, training and development, benefits and pay, and employee relations. Participants gain knowledge of how HRM procedures are modified to satisfy the particular needs and difficulties faced by various industries and companies, ranging from small startups to large global conglomerates. Additionally, they learn how new developments in technology and trends, such talent analytics, flexible scheduling, and remote work, are changing the face of human resource management and presenting both opportunities and difficulties for HR professionals.
The MGT501 course addresses moral and legal concerns in human resource management, such as those pertaining to diversity and inclusion, equal employment opportunity, labor relations, and health and safety at work. In order to establish trust, a positive reputation, and enduring connections with stakeholders such as customers, employees, and stakeholders, participants gain knowledge about the significance of ethical behavior, adhering to employment rules and regulations, and practicing corporate social responsibility.
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