3. Understanding Human Resources
Human Resources (HR) encompasses the individuals who contribute their skills and knowledge to achieve organizational goals. Important for efficiency and productivity, HR management includes functions such as recruitment, training, performance appraisal, and employee welfare. Effective HR practices enhance employee motivation, promote cooperation, and help businesses adapt to changes.
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What we have learnt
- Human Resources are vital assets that directly impact an organization's productivity and success.
- Key functions of HR management include recruitment, training, performance evaluation, compensation, employee welfare, and maintaining industrial relations.
- Motivation and leadership play crucial roles in driving employee performance and satisfaction.
Key Concepts
- -- Human Resources
- The individuals who work in an organization and contribute their skills, knowledge, and efforts towards achieving business goals.
- -- Recruitment Process
- A structured method of identifying job vacancies, analyzing job requirements, sourcing candidates, selecting the best individuals, and managing their appointment.
- -- Training and Development
- The process of teaching employees the necessary skills for their jobs and enhancing their capabilities for future roles.
- -- Motivation
- The internal drive that compels employees to work harder and contribute positively to their organization.
- -- Industrial Relations
- The management of relationships between employees and management with the objective of preventing and resolving conflicts.
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