ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The workforce is the group of people who work for an organization, business sector, industry, or economy. Human resources, a more specific term, refers to a company’s employees or contractual workforce.

Detailed explanation-2: -An HR coordinator or HR generalist oversees all human resources duties, from creating company policies to improving employee relations.

Detailed explanation-3: -A human resource is one person within a company’s overall workforce, with each person lending their skills and talents to the organization to help it succeed. Any person willing to trade their labor, knowledge, or time for compensation in an effort to improve the organization is a human resource.

Detailed explanation-4: -Human: refers to the skilled workforce in an organisation. Resource: refers to limited availability or scarce. Management: refers how to optimize and make best use of such limited or scarce resource so as to meet the organisation goals and objectives.