Human resource management (HRM) is of strategic importance in the organization. It’s easy for people think the HR department just manages paperwork necessary to pay staff and file taxes but that’s just the tip of the iceberg. HR does not have priority over other cost centers, nor does it typically have its own level in the organizational hierarchy. HR includes many functions, including recruiting, hiring, firing, training, and managing of employee benefits.

2. Human Resource Planning, Recruiting, and Selection

Using your knowledge of how organizations attract human resources, select the best word or phrase to complete each of the following sentences.

Netflix has a corporate policy of paying competitive wages to retain talented employees. In order to maintain equitable compensation rates   , its human resource staff must monitor compensation at other organizations.