What does human resources mean?

Q: What does human resources mean?


A: Human resources refers to all the people working for a company or organization.

Q: Why is human capital sometimes used instead of human resources?


A: Human capital is used as a synonym for human resources because employees add value to a business.

Q: Who first used the term "human resource"?


A: Economist John Commons used the term "human resource" in his 1893 book, The Distribution of Wealth, but did not develop it further.

Q: When was the concept of "human resources" in use as a type of capital asset?


A: The concept of "human resources" was in use during the 1910s and 20s.

Q: Who introduced the modern sense of the concept of "human resource"?


A: Economist Edward Bakke introduced the modern sense of the concept of "human resource" in his report in 1958.

Q: What factors are important to consider when talking about human resources?


A: Demographics, diversity, skills, and qualifications are important factors to consider when talking about human resources.

Q: What is the function of human resources management in a company?


A: Human resources management is responsible for taking care of human resources in a company. They ensure that every employee is happy with their job and they also manage recruitment.

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