Organizations instead of training and developing their own employees hire employees of other competitive companies by paying them more both financial and non financial benefits. It is also called raiding.

Universally relevant :
Human Resource Management has universal relevance.
Goal Oriented :
The accomplishment of organizational goals is made possible through best utilization of human resource is an organization.

The participants of the capital market include individuals, corporate sectors, Government,banks and other financial institutions.

Tools of managements have been developed such as accounting, business law, psychology, statistics, econometrics, data processing, etc.

Gilt-Edged Market also known as Government Securities market is the market for Government and semi-Government securities.
An important feature of the securities traded in this market. That they are stable in value and are much sought after by banks.
(i) Guaranteed return on investments
(ii) No speculation in securities
(iii) Institutional based investors which are compelled by law to invest a portion of their funds in these securities.
(iv) Predominated by such institutions as LIC, GIC, PFs and the commercial banks.

According to edwin B. Flippo, "It is a process of searching for prospective employees and stimulating and encouraging them to apply for jobs in an organisation''.

The unique, peculiar and distinctive features of human resources are as under :
(i) Human resource is the only factor of production that lives.
(ii) Human resource created all other resources.
(iii) It is only the labour of employees that is hired and not the employee himself.
(iv) Human resource exhibits innovation and creativity.

(i) An attempt ismade by the management to integrate the goals of an organisation and individuals. This will lead to effective managerment.
(ii) MBO tries to combine the long run goals of organisation with short run goals.
(iii) Management tries to relate the organisation goals with society goals.
(iv) MBO's emphasis is not only on goals but also on effective performance.
(v) It increases the organisational capability of achieving  goals at all levels.
(vi) Aims at replacingthe exercise of authority with consultations.

the main functions of management are:
(i) Planning
(ii) Organising
(iii) Staffing
(iv) Directing
(v) Motivating
(vi) Controlling
(vii) Co-ordination

(i) Innovation refers to the preparation of personnel and organisation to face the changes made in the business world.
(i) Innovation includes developing new material, new products, new techniques in production, new package, new design of a product and cost reduce.

1. In order to accomplish personal and organisational objectives the unique asset called human resource.
2. The branch of management that deals with managing human resource is known as Human Resource Management.
3. In an organisation the human resource are the employees who are inevitable for the survival and success of the enterprise.
4. It incudes the overall progress of the employee and the enterprise

(i) The main disadvantage of MBE is, only managers have the power over really important decisions, which can be demotivating for employees at a lower level
(ii) Furthermore, it takes time to pass the issues to managers.
(iii) Managing employees who deviate from the normal procedures.
(iv) Because of compliance failures are considered difficult to manage and typically find themselves with limited job duties and ultimately dismissed / terminated.

Functions of management can be classified into two categories.
A. Main functions; and
B. Subsidiary functions.
A. Main functions:
(i) Planning:
(a) Planning is the primary function of management.
(b) Nothing can be performed without planning.
(c) E.g. Writing a book starts with planning.
(ii) Organising:
(a) Organising is the process of establishing harmonious relationship among the members of an organisation.
(b) Organsing function work is assigned to employees who are given authority to carry out the work assigned and made accountable for it.
(iii) Staffing:
(a) Staffing function comprises the activities of selection and placement of competent personnel.
(b) Staffing refers to placement of right persons in the right jobs.
(iv) Directing:
(a) Directing denotes motivating, leading, guiding and communicating with subordinates.
(b) Employees are kept informed of all necessary matters by circulars, instructions man uals, newsletters, notice-boards, meeting, participative mechanism, etc.
B. Subsidiary functions:
(i) Innovation:
(a) Innovation refers to the preparation of personnel and organisation to face the changes made in the business world.
(b) Innovation includes developing new material, new products, new techniques in production, new package, new design of a product and cost reduction.
(ii) Representation:
(a) A manager has to act as representative of a company.
(b) Manager has dealings with customers, suppliers, government officials, banks, financial institutions, trade unions, etc.
(c) It is the duty of every manager to have good relation with others.
(iii) Decision-making:
(a) Everyemployee of an organisation has to take a number of decisions everyday.
(b) Decision - making helps in the smooth functioning of an organisation.
(iv) Communication:
(a) Communication is the transmission of human thoughts, views or opinions from one person to another person.
(v) Workers are informed about what should be done, where it is to be done, how it is to be done and when it is to be done.

(a) Both (A) and (R) are true and (R) is the correct explanation of (A)

(a) Both (A) and (R) are true and (R) is the correct explanation of (A).

(b) Both (A) and (R) are true and (R) is not the correct explanation of (A).

Stag
Reason: A stage is a cautious speculator in the stock exchange. Other three are external sources of recruitment.

Social Order
Reason: Social order ensures the fluid operation of a company through authoritative procedure. Other three are proof of identify.

Lame Duck
Reason: When a bear finds it difficult to fulfil his commitment, he is said to be struggling like a lame duck. Other three are top 10 stock exchanges in the world.