The Role of Human Resources
What Is Human Resources?
Key Takeaways
-
Capital includes all resources a company uses
to generate revenue. Human resources or the people working in the
organization are the most important resource.
-
Human resource management is the process of
employing people, training them, compensating them, developing policies
relating to the workplace, and developing strategies to retain
employees.
- There are seven main responsibilities of HRM managers: staffing, setting policies, compensation and benefits, retention,
training, employment laws, and worker protection. In this book, each of
these major areas will be included in a chapter or two.
- In addition to being concerned with the seven internal aspects, HRM managers must keep up to date with changes in the external environment that may impact their employees. The trends toward flexible schedules and telecommuting are examples of external aspects.
- To effectively understand how the external
forces might affect human resources, it is important for the HR manager
to read the HR literature, attend conferences, and utilize other ways to
stay up to date with new laws, trends, and policies.