Meaning of Human Resource

Meaning of Human Resource:

Human resources (HR) is the division of a company responsible for locating, screening, hiring, and
training job candidates and administering employee benefit programs. In the twenty-first century,
HR plays a critical role in assisting businesses in dealing with a rapidly changing business climate
and a higher demand for quality personnel.

Human resource management (HRM or HR) is the process of managing and coordinating human
resources. It is a role in businesses that aims to maximize employee performance in support of an
employer's strategic goals. HR is largely concerned with the administration of people within
organizations, with a focus on policies and systems. Employee benefits design, employee
recruitment, training and development, performance review, and rewarding are all typical tasks of
HR departments in firms (e.g., managing pay and benefit systems). HR is also concerned with
organizational change and industrial relations, or balancing organizational practices with obligations
imposed by collective bargaining and government regulations.

Activities of HR

HR should efficiently carry out important people-related activities in order to offer value to the
business. These are some of them:

Effectively managing and utilizing people

Performance evaluation and compensation are linked to competencies.
Individual and organizational performance can be improved through developing competencies.
Increasing the essential levels of innovation, creativity, and flexibility to boost competitiveness
New methods to work process design, succession planning, career development, and inter-
organizational mobility are being implemented.
Managing technology installation and integration through better staffing, training, and
employee communication

HR's Core Functions

Within an organizational framework, human resources (HR) specialists perform a wide range of
activities. A brief overview of the key functions of human resource departments can help frame the
more common activities that a human resource professional may engage in. The core functions can
be summarized as follows:

Staffing
Training and Professional Development
Compensation
Safety and Health
Employee and Labor Relations

HR Responsibilities

The HR department is in charge of a long-range of responsibilities. HR specialists are responsible for

the following tasks in addition to hiring and firing:

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 Recruiting
Relocation
Employee relations
Background checks
Drug testing
Outplacement
Benefits administration
Payroll management
Compensation plan development
Training and professional development
Employee assistance plan
Legal

A well-functioning HR department guarantees that a firm has all of the right personnel it requires at
the right time and at a reasonable cost, as well as supporting the workers' continuing development,
resulting in an appreciating human asset.

© 2022 Athena Global Education. All Rights Reserved