Human Resources
ICSE · Class 9 · Commercial Studies
Quick revision notes for Human Resources — ICSE Class 9 Commercial Studies. Key concepts, formulas, and definitions for last-minute revision.
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Key Topics to Revise
1. Meaning of Human Resources Management
- HRM is also called personnel management.
- It is concerned with acquisition, development, compensation and maintenance of an efficient and dedicated workforce.
- HRM includes planning, organising, directing and controlling people-related work.
2. Importance of Human Resources
- A business is no better than the people it keeps.
- People are the most important asset of business.
- The efficiency of all other resources depends on human resources.
3. Functions of Human Resources Department
- The human resources department is also called the personnel department.
- It performs work related to recruiting, developing and maintaining employees.
- It helps manage the workforce in an organised way.
4. Objectives of Human Resources Department
- There are 8 objectives of the human resource department.
- Recruitment and Staffing: finding and hiring the right people for the right roles.
- Employee Development: improving employees' skills and knowledge through training and growth opportunities.
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