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Human resource management (HRM) 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 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]
The planning processes of most best practice organizations not only define what will be accomplished within a given time-frame, but also the numbers and types of human resources that will be needed to achieve the defined business goals (e.g., number of human resources; the required competencies; when the resources will be needed; etc.).
Leon C. Megginson (1921 - 2010) was a professor in the business school at Louisiana State University (1952-1977), [1] the University of South Alabama (1977-1999) and the J. L. Bedsole Professor of Business Studies at the University of Mobile as of 1999.
The Human Capital Index (HCI) is an annual measurement prepared by the World Bank. [1] HCI measures which countries are best in mobilizing their human capital, the economic and professional potential of their citizens.
In organizational studies, resource management is the efficient and effective development of an organization's resources when they are needed. Such resources may include the financial resources, inventory, human skills, production resources, or information technology (IT) and natural resources.
Example of a Business Process Model and Notation for a process with a normal flow. Business Process Model and Notation (BPMN) is a graphical representation for specifying business processes in a business process model.
The mission of the World Resources Institute (WRI) is to “move society to provide for the needs and aspirations of current and future generations”. [13] It seeks to promote a sustainable human society [14] with a basis of human health and well-being, environmental sustainability, and economic opportunity. [15]