ECONOMICS (CBSE/UGC NET)

ECONOMICS

HUMAN CAPITAL

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What are Human Resources?
A
A group of people work together for something
B
The resources for people
C
a person manages a company
D
None of the above
Explanation: 

Detailed explanation-1: -Human resources (HR) is the division of a business responsible for finding, screening, recruiting, and training job applicants. HR also administers employee-benefit programs. A human resources department also handles compensation and benefits, and employee terminations.

Detailed explanation-2: -Also known as human resources (HR), the human resource department’s mission is to make sure the company’s employees are adequately managed, appropriately compensated, and effectively trained. The department is also responsible for recruiting, hiring, firing, and administering benefits.

Detailed explanation-3: -Human resource refers to the people who have the manpower which can be utilised in the production sector. Human resources are necessary for the progress of any country.

Detailed explanation-4: -In simplest terms, the HR (Human Resources) department is a group who is responsible for managing the employee life cycle (i.e., recruiting, hiring, onboarding, training, and firing employees) and administering employee benefits.

Detailed explanation-5: -A human resource is a single person in a company’s workforce. Human resources also refer to the department charged with managing personnel. A human resource department has many functions, including recruiting, overseeing compensation, monitoring performance, and providing training.

There is 1 question to complete.