Introduction
Most people in all likelihood are aware of the term human resources and must have heard of different organisations and sectors. They can be an indispensable link to the success of an organisation. It helps in the expansion of a company and illuminates necessary company policies, information, and benefits. An HR manager also assures that you are updated with the newest changes to employment law.
Human Resources Definition
In small businesses, you may not have the need to appoint human resources or an HR team. But if you are a growing company or thinking to flourish your company, then you should not think twice before engaging an HR. Most people do not have a clear idea about what HR is and what are the key responsibilities of an HR team. Basically, human resources handle and resolve the issues that arise by the employees or around the employees (and employer as well) in an organisation.
Responsibilities of Human Resources
People have stereotypical opinions when they are asked what is human resources since they have always known about the specific job role of an HR. But over the years, we have seen why human resources are important in any organisation. It focuses on every aspect of a company or a sector. These days, HR targets assisting a business through a wide range of activities. It includes proper engagement of employees, to refine the working environment and advise the managers to upgrade their employees’ performance.
Course Modules for Human Resources
Just like every other course, human resources as a course subject follow a few criteria. Some colleges permit admission based on an entrance test, and some require 50% of marks in 10+2 or equivalent examinations from an acknowledged state or central board. There are several sectors divided for an HR job role, and you can through the terms below:
Recruitment
Digital media
Education and training
Medical and health care
Information technology
Banking and finance
Hospitality and tourism
Telecommunication and insurance
The fee structure of the HR course varies in different colleges and also in which sector of Human resources you want yourself to get admitted into. HR courses can be carried out on a full-time or part-time basis through regular, online or distance learning methods. To have a practical understanding of online classes regarding this course, you can visit Vedantu’s official website.
Importance of Human Resource
Since HR is a booming field, pursuing a career in this field can provide several lucrative job offers in the best companies. Employees are blessings in any business, and recruiting the right professionals is the requirement of every organisation. Here, we understand the actual concept or human resources. An HR of the company plays a pivotal role in bringing worthy candidates for the organisation. They need to understand the organisation’s specification and approach; only then will they be able to bring out the best performances from the candidates.
Types of Human Resources
There are various departments divided into HR jobs, and different departments have key responsibilities to perform. The departments that are most common in HR jobs are mentioned below:
Employment Specialist
Human Resource Assistant
Human Resource Coordinator
Recruiter
Human Resources Generalist
Recruitment Manager
Employee Relations Manager
Human Resources Manager
Core Component in an Organisation
As we already know, Human resources are not a small-scale department. It performs significant responsibilities and shows the path of development and growth of a company. So, there is no exact human resources definition as this department promotes employee’s contentment and obedience.
There are very few things in our surroundings that are irreplaceable. Human resources are one of those things that do not have a substitute. If you ask us what HR means in one line, we would say, an HR holds the essence of an organisation and performs the responsibilities with competence.
Role of Human Resource in Economic Development
Human resources and economic development are interrelated. It is one of the principal factors for obtaining economic development of a nation. The economic development of a country constitutes several factors like:
If per capita GDP is high and if the country has the faulty infrastructure, the disparity in income value, then it would not be considered as economic development.
Decrease rate of unemployment and reduce the number of impoverished.
Labour sections of people are making a productive contribution in the country, but the increased rate of population hinders the development process and thus hampers the economic development of the country.
Human resources can be highly responsible for economic development as it can provide knowledge to people, make them skilled and physically fit, which can further raise the potency of the workers. To gain more knowledge about what is the human resource in Economics, you can download the Vedantu app and check out online classes
FAQs on Human Resources: Roles and Importance
1. What are the Human Resources Examples?
Human resources are the most potent form of resource, and it plays a significant role in every organisation. Some of the examples of human resources are given below
Recruitment
HR letters
Compensation and Benefits Training Process
Induction and Joining Formalities
Employees Provident Fund
2. What is Human Resources Development?
It is an on-going process for the advancement of the workers by giving them proper training, evaluating and compensating the employees, maintaining a healthy work environment and encouraging the employees to achieve their goals. It also takes care of the well-being of both the employee and the employer.
3. What are Human Resource Services?
Human resources bestow many functions to the organisation. The job role includes payroll processing, employee benefits, and development of skills. It also assists the company in taking decisions, regulating organisational reviews, assures equal opportunities, and resolves personal and remuneration issues as well.
4. Does an HR person help in economic development?
Yes, HR has a role to play in economic development. They are interrelated. An HR brings in people into an organisation who can turn into assets later on.Their productivity increases the overall revenue of the company that they work for and so, the return on investment is positive. Economic development is dependent on multiple factors among which HR also has a key role to play.
5. What sort of questions might come from HR in a commerce exam?
The kind of questions that may come from HR in a student’s Commerce test can vary. Long answer types, short answer types or even multiple choice questions could be asked and so, the students need to be prepared for each of these.
6. What are the responsibilities of human resources?
A human resource manager has several responsibilities. Some of which are taking in people, organising the workforce of a company, overseeing the functioning of the company and so forth. Hiring the ideal candidates is crucial. Updating the company policies and taking strict disciplinary actions is also an HR executive’s function. Reviewing the performance of all employees and deciding on their appraisals comes under Human Resource. Any individual who is into Human Resource has multiple roles that he/ she needs to perform.
7. What are the different types of HR roles that students can apply for?
A student can apply for the role of HR in either education, digital media, medicine, sports, banking and so forth. Each of these domains needs an HR Manager to handle the particular firm’s operations. One can apply for a Human Resources Assistant, HR Coordinator, Recruitment Manager, Employee Relations Manager, Labour Relations Specialist etc.
8. What is the importance of HR?
HR's importance can never be stressed enough. Human Resource is the backbone of any successful firm. HR Managers make or break the firm. Since it has to do with humans as capitals, the role of an HR becomes all the more important. Without their guidance, it will be difficult to keep the ideal candidates in a firm. The remuneration, performance management, training, development, onboarding are all handled by the Human Resource Manager or Executive.
