Question

Define human resource and interpret its significance

Answer 1

human resource” may be thought of as “the total knowledge, skills, creative abilities, talents and aptitudes of an organization's work, force, as well as the values, attitudes and benefits of an individual involved it is the sum total of inherent abilities, acquired knowledge and skills represented by the talents and aptitudes of the employed persons

The significance of human resource planning can be discussed at 16 level.

•    Future personnel needs
•    Coping with change
•    Creating highly talented personnel 
•    Protection of weaker sections
•    International strategies
•    Foundation for personnel functions
•    Increasing investments in human resources
•    Resistance to change and move
•    Other benefits
•    Part of strategic planning
•    Linking business strategy with operational strategy
•    Minimizing the risk of loosing
•    HRP needs for HRD
•    HRP is pro-active not reactive
•    HRP is not in isolation 
•    HRP is promotes awareness