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    Human resources (HR) is the division of a business that handles recruiting, hiring, and training employees, as well as administering benefit programs. While the term "human resource" was first coined in 1893, it was not until the 20th century that HR departments formally developed to address issues between employers and employees. Today, HR plays a key role in helping companies adapt to changing business needs and demands by finding and developing a quality workforce.

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    Human resources (HR) is the division of a business that handles recruiting, hiring, and training employees, as well as administering benefit programs. While the term "human resource" was first coined in 1893, it was not until the 20th century that HR departments formally developed to address issues between employers and employees. Today, HR plays a key role in helping companies adapt to changing business needs and demands by finding and developing a quality workforce.

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    10 views1 page

    Summary HR004

    Uploaded by

    vsdfas
    Human resources (HR) is the division of a business that handles recruiting, hiring, and training employees, as well as administering benefit programs. While the term "human resource" was first coined in 1893, it was not until the 20th century that HR departments formally developed to address issues between employers and employees. Today, HR plays a key role in helping companies adapt to changing business needs and demands by finding and developing a quality workforce.

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    © All Rights Reserved
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    Human resources (HR) is the division of a business that is charged with finding, screening, recruiting, and

    training job applicants. It also administers employee-benefit programs.

    HR plays a key role in helping companies deal with a fast-changing business environment and a greater
    demand for quality employees in the 21st century.

    John R. Commons, an American institutional economist, first coined the term human resource in his book
    The Distribution of Wealth, published in 1893. However, it was not until the 20th century that HR
    departments were formally developed and tasked with addressing misunderstandings between
    employees and their employers.

    KEY TAKEAWAYS

    Human resources (HR) is the division of a business responsible for finding, screening, recruiting, and
    training job applicants.

    HR also administers employee-benefit programs.

    A human resources department also handles compensation and benefits, and employee terminations.

    It must keep up to date with any laws that may affect the company and its employees.

    Many companies have moved traditional HR administrative duties such as payroll and benefits to outside
    vendors.

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