YEASIN ARAFAT ID:221-11-1684 Contents Introduction Contemporary approaches to management Key Problems and challenges of the selective HRM functions in Bangladesh Solutions Conclusion Introduction Human Resource Management (HRM) practices are the strategies, policies, and activities that a business uses to efficiently manage its staff. It is critical for the effective use of human resources. Contemporary approaches to management Recruitment and Selection Training and Development Performance appraisal Benefits and Compensation Key Problems and challenges of the selective HRM functions in Bangladesh No innovative approach for estimating the labor demand. Inadequate skills. Political favoritism. Poorly designed performance appraisal system. Insufficient compensation & benefits Solutions • Performance Management Systems. • HRM Policy Review and Revision. • Enhanced Training and Development. • Competitive Compensation Packages. • Emphasis on Work-Life Balance. • Feedback Mechanisms. Conclusion HRM comprises the policies and procedures put in place to successfully manage an organization's personnel in order to achieve its objectives. HRM that is well-structured can assist in overcoming contemporary workplace difficulties.