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Human resources purpose and role
Human resources are important rather than any other resources in business in accordance with the present highly populated world.
In simple terms, an organization's human resource management strategy should maximize return on investment in the organization's human capital and minimize financial risk. Human Resources seeks to achieve this by aligning the supply of skilled and qualified individuals and the capabilities of the current workforce, with the organization's ongoing and future business plans and requirements to maximize return on investment and secure future survival and success. In ensuring such objectives are achieved, the human resource function purpose in this context is to implement the organization's human resource requirements effectively but also pragmatically, taking account of legal, ethical and as far as is practical in a manner that retains the support and respect of the workforce.
The world is getting populated. The human is the greatest asset these days in the business. The different companies are being advised to set up their own management with human resources development department. Because it is seen in the business that the human resources are the best input materials in case of enjoying good productivity. Therefore the purpose and role of the human resources must be taken into consideration in case of service and manufacturing organizations.
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Research question: How to measure effectiveness of the purpose and role in the business?
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