Human resource (HR) refers to the people who make up the workforce of an organization and the department responsible for managing them to help the organization achieve its goals. It encompasses both the employees themselves—considered valuable assets—and the management function that supports them
. Key aspects of Human Resources include:
- Human Resource as People: Individuals compensated for their skills and knowledge contributing to organizational success
- HR Department Functions: Managing recruitment, hiring, onboarding, training, performance management, payroll, benefits administration, compliance with labor laws, employee relations, conflict resolution, and policy enforcement
- Human Resource Management (HRM): A systematic approach to managing people to maximize their performance and align their development with organizational objectives. HRM covers workforce planning, talent management, succession planning, and fostering a positive work culture
- Importance: HR is critical for attracting and retaining talent, ensuring legal compliance, maintaining employee satisfaction and productivity, and ultimately supporting business growth and success
In summary, human resources is both the workforce and the organizational function dedicated to managing that workforce effectively to meet business goals while supporting employee development and well-being
