Table of contents:

2.1 Functions and evolution of human resource management

human resources are the most important resource in an organization; they are the key for creativity, flexibility, and adaptability to meet external challenges

<aside> 💡 There is a difference between human resources (in the context of business resources) and human resources (in the context of business functions):

• human resources (in the context of business resources) → employees needed for a business
• human resources (HR) (in the context of business functions) → business department responsible for managing human resources affairs, e.g. hiring, training, motivating, firing, etc. </aside>

Human resources as a business resource

employees hired by the business organization to produce goods and services that satisfy customers’ needs and wants

Human resources as a business function

human resources as a business function refers to the set of activities and responsibilities related to managing the people within an organization → hence the term “human resource management”

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unit 2 is all about human resources as a business function

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