Question

What is meant by human resource? what is the importance of human resource?
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Answer 1

Answer:

Human resource is an important factor of economic development. As opined by Adam Smith the prosperity of a country is determined by the skill, efficiency and attitude of the labour used by that country. Many countries have been able to develop themselves due to their will, capacity and skill of their human resources.

Answer 2

Answer:

Human Resource Management deals with issues related to compensation, performance management, organisation development, safety, wellness, benefits, employee motivation, training and others. HRM plays a strategic role in managing people and the workplace culture and environment.Jun