Human Resource : An Industry

Human Resource, also known as Human Resource Management or HRM in the corporate world is a function in organizations and firms deliberated to increase the employee functioning of an employer’s strategic goals and objectives up to their maximum capacity. Human Resource is essentially concerned with the art of getting things done by employees, efficiently and effectively in a well thought-out way, focusing on policies and systems, also termed as Management. Human Resource refers to everything that is concerned with the relationship between an employer and an employee. It requires not just a single activity or function carried out by an employee but a huge network of functions and roles carried out by them.

The Human Resource industry is a highly competitive and fragmented industry that is composed for massive growth in the next few years as organizations, firms and countries around the world invest in their human resources networks. The main functions of the Human Resources Management (HRM) team include recruiting people, hiring them, training them, acknowledging and appreciating their performance, motivating employees by giving them financial incentives like perks as well as non- financial incentives like promotions, job security as well as  positivity in workplace communication and safety of the workplace of employees. In the time being, research shows that globalization has made the role of human resource difficult by creating new challenges and obstacles, such as overseeing employees and managing employee regulations in different countries.

The Human Resource Industry is a growing industry which has earned a lot of importance in the past years and has taken on a progressively strategic dimension in the corporate world. It has helped organizations work more effectively and efficiently. The areas in which Human Resource maintains control, can augment the employees’ judgement of human resource throughout the team of employees when they believe Human Resource considers employees to be its in-house customers and provides services to them with the same in mind.

Human Resources, as an industry is a highly competitive industry with deadlines and targets to meet but with a high earning potential.

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