Human resources are a vital component of any company or business enterprise. It’s all about people. In real terms, a company’s human resources are its staff. All of them.
Human Resources or ‘HR’ is also the term used to describe the functions and processes used to manage, control, coordinate, and allocate those resources (people). The function addresses all aspects of the employees’ relationship with the company, including benefits and compensation, training, disputes, accolades and reprimands, layoffs and hires, and many more. HR staff plays an essential role in managing the overall well-being of a company’s employees.
It is safe to say that human resources are considered the company’s or business’s most valuable resource because humans can make the best use of the resources they control, such as knowledge, education, and technology.
It is a truism that the assets of most businesses are not the buildings, vehicles, machinery, and plant that swell the balance sheet. The assets are the knowledge and expertise being carried around between the ears of its employees and staff…
Human resource is also the umbrella term used to describe the management and development of employees in an organisation or company. Ultimately, it is all about increasing employee engagement and thus improving their performance.
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