HUMAN
RESOURCE
Human resources is
a term with which many organizations describe the combination of traditionally
administrative personnel functions with performance management, employee relations
and resource planning. The field draws upon concepts developed in Industrial/Organizational
Psychology. Human resources has at least two related interpretations depending
on context. The original usage derives from political economy and economics,
where it was traditionally called labor, one of four factors of production.
The more common usage within corporations and businesses refers to the individuals
within the firm, and to the portion of the firm's organization that deals with
hiring, firing, training, and other personnel issues. This article addresses
both definitions.The objective of Human Resources is to maximize the return
on investment from the organization's human capital and minimize financial risk.
It is the responsibility of human resource managers to conduct these activities
in an effective, legal, fair, and consistent manner.
In terms
of recruitment and selection it is important to consider carrying out a thorough
job analysis to determine the level of skills/technical abilities, competencies,
flexibility of the employee required etc. At this point it is important to consider
both the internal and external factors that can have an effect on the recruitment
of employees. The external factors are those out-with the powers of the organization
and include issues such as current and future trends of the labor market e.g.
skills, education level, government investment into industries etc. On the other
hand internal influences are easier to control, predict and monitor, for example
management styles or even the organizational culture.(1)
Source (1) Wkipedia