What is the Full Form of HR
Full Form of HR
The full form of HR is “Human Resources”. Human resources are the set of people who make up the workforce of an organization, business sector, industry, or economy. A narrower concept is human capital, the knowledge, and skills the individual command. Similar terms include manpower, labor, personnel, and associates or simply: people.
Human resources (HR) is the division of a business unit that is charged with finding, screening, recruiting, and training job applicants for a unit of associates. It also administers employee-benefit programs. HR plays a key role in helping companies deal with a fast-changing business environment and a larger 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. Know more at Wiki
HR Major Activities
The full form of HR is discussed above. Here is some important activity of HR. Research conducted by The Conference Board, a member-driven economic think tank, found six key, people-related activities that HR must effectively do to add value to a company. They are:
- Managing and using people effectively
- Tying performance appraisal and compensation to competencies.
- Applying new approaches to work process design, succession planning, career development, and inter-organizational mobility.
- Managing the implementation and integration of technology through improved staffing, training, and communication with employees.
- Developing competencies that enhance individual and organizational performance.
- Increasing the innovation, creativity, and flexibility necessary to enhance competitiveness.
What Is the Role of Human Resources?
A human resources department is focused on the recruiting and retention of employees within a company/firm. HR typically finds, hires (and fires), and trains employees according to business needs. It oversees employee relations. It manages benefit programs. It’s the place an employee goes with questions about their position at the company, to address concerns, and to air grievances.
What Are the 5 Types of Human Resources?
In the above article, we have discussed the full form of HR and the roles of HR, and here we will discuss the types of HR. There are numerous, important human resources function carried out by an HR Department. Five well-known types of these responsibilities could include:
- Recruiting, hiring, and onboarding new employees
- Addressing work-related issues of individual employees
- Developing policies that affect a working environment company-wide
- Handling employee compensation and benefits
- Offering employee job/career development
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