Hint: Human resources are the people that conjure an organization's, business sector's, industry's, or economy's workforce. A more specific concept is human capital, which refers to the knowledge and skills that individuals possess. Manpower, labour, personnel, associates, or simply: people are similar terms.
Complete answer:
An organization's human-resources department (HR department) manages human resources, overseeing various aspects of employment like labour law and employment standards compliance, interviewing, administration of employee benefits, organizing employee files with required documents for future reference, and a few aspects of recruitment (also called talent acquisition). They act as a liaison between management and employees in a corporation.
Human resource managers are guilty of all aspects of an organization's employee life cycle. HR is responsible for creating or updating employment records for the purposes of hiring, transferring, promoting, and terminating employees. Planning, recruitment, and selection processes posting job ads evaluating employee performance, organizing resumes, and job applications, scheduling interviews and assisting within the process, and ensuring background checks are all a part of the work.
Thus, Human resources are important because a nation's development is heavily reliant on human resources, which include human skill, technology, thinking, and knowledge, all of which contribute to a nation's power. Only human ingenuity and technology can transform natural substances into valuable resources.
Note: In his 1893 book The Distribution of Wealth, pioneering economist John R. Commons mentioned "human resource" but failed to elaborate. During the 1910s and 1930s, the expression was used to promote the thought that mortals are valuable (as in human dignity); by the first 1950s, it had come to mean people as a means to an end (for employers). The phrase was first employed in that sense by scholars during a 1958 report by economist E. Wight Bakke.
