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Trade. Business and economics portal. v. t. e. Human resources ( HR) is the set of people who make up the workforce of an organization, business sector, industry, or economy. [1] [2] A narrower concept is human capital, the knowledge and skills which the individuals command. [3] Similar terms include manpower, labor, labor-power, or personnel .
Human resource management (HRM or HR) is the strategic and coherent approach to the effective and efficient management of people in a company or organization such that they help their business gain a competitive advantage.
Human resource policies are continuing guidelines on the approach of which an organization intends to adopt in managing its people. They represent specific guidelines to HR managers on various matters concerning employment and state the intent of the organization on different aspects of Human Resource management such as recruitment, promotion, compensation, training, selections etc. They ...
Peter principle. The Peter principle is a concept in management developed by Laurence J. Peter which observes that people in a hierarchy tend to rise to "a level of respective incompetence": employees are promoted based on their success in previous jobs until they reach a level at which they are no longer competent, as skills in one job do not ...
Money portal. v. t. e. Adam Smith FRS FRSE FRSA (baptised 16 June [ O.S. 5 June] 1723 [1] – 17 July 1790) was a Scottish [a] economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment. [3] Seen by some as "The Father of Economics" [4] or "The Father of Capitalism", [5] he ...
Human resource planning is the ongoing process of systematic planning to achieve the best use of an organisation's most valuable asset – its human resources. The objective of human resource (HR) planning is to ensure the best fit between employees and jobs, while avoiding workforce shortages or spares. The three key elements of the HR ...
Hogan graduated Harvard University in 1988 with a bachelor's degree in applied mathematics and economics. She went to work for Oracle Corporation, first as a software developer, then as a software development manager. [1] In 1992, she left Oracle to earn an MBA from Stanford Graduate School of Business in 1994, then used it as a management ...
Social justice is justice in relation to a fair balance in the distribution of wealth, opportunities, and privileges within a society where individuals' rights are recognized and protected. [1] In Western and Asian cultures, the concept of social justice has often referred to the process of ensuring that individuals fulfill their societal roles ...
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