OfficiaNet - Online Business Networking Directory 23 02 2024

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Human Resources

One of the most important factors within any organisation is its workforce. The term “Human Resources” refers to two related matters within business, firstly the workforce themselves as individuals, and secondly to the department or functionality within the organisation which deals with deals with the hiring, firing, training, and other personnel issues, usually referred to as “Human Resources Management”.

One recent report described the function of human resources as “to foster human resourcefulness through enlightened and cohesive policies in education, training, health and employment at all levels, from corporate to national”. 

The objective of Human Resource Management is to maximize the return on investment from the organization's human capital and to minimize financial risk. It is the responsibility of human resource managers to conduct these activities in an effective, legal, fair, and consistent manner.

Many small businesses find the amount of employee related legislation to be difficult to understand and in some cases overwelming. Often small businesses will seek 3rd party assistance in dealing with the legal aspects where they are not large enough to employ an internal department.

Warning

Some people find the term “Human Resource” or “Human Capital” to be insulting, believing that it creates a perception that workers are merely a resource, such as funding or raw materials. Methodology to demonstrate that individuals are viewed as creative and social beings within a productive enterprise environment now form a major part of Human Resource and modern business thinking.

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