What are the components of HRM?

Human Resource Management (HRM) refers to the strategic approach to managing people within an organization, ensuring that employees are effectively utilized to achieve organizational goals while simultaneously maintaining their well-being. In the context of Micro, Small, and Medium Enterprises (MSMEs), HRM plays a vital role in building a capable workforce, fostering positive industrial relations, and enhancing overall productivity. The key components of HRM are essential for MSMEs to develop competitive advantages through human capital. These components are:

1. Recruitment and Selection
   Recruitment is the process of attracting suitable candidates to apply for jobs within the organization. Selection, on the other hand, involves choosing the right candidate for a position based on their skills, qualifications, and alignment with organizational goals. In MSMEs, recruitment and selection processes are ___ ______ ____ __________ ______ ________ _______ _________ _______ ___ ____.
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