What is Human Resource Management?

•Capital
- Cash, valuables or goods used to generate income
- People are one of the most important types of capital in business
•Human Resource Management
- The process of employing people, training them, compensating, developing policies relating to people and developing strategies to retain employees

The Role of Human Resources

•Human resources focuses on internal factors including:

- Staffing
- Development of workplace policies
- Compensation and benefits management
- Retention
- Training and development
- Laws affecting employment
- Worker protection



The Role of Human Resources

•External factors

- Globalization
- Offshoring
- Changes to employment law
- Healthcare costs
- Diversity
- Technology
- Increase of social networking
- Changing demographics
- A highly educated workforce
- Layoffs, downsizing





Last modified: Tuesday, August 14, 2018, 8:34 AM