Human Resource Management is the business function concerned with acquiring, training, compensating, and maintaining the human component of the enterprise. The Human Resource function involves the identification of the human skill, which combined with the business physical capital, ensures the ongoing success of the venture.

Human Resource specialists have moved from being concerned only with record-keeping to being strategic partners, as organizations recognize the crucial importance of talents to their success. Today, businesses compete as much based on human capital as they do on physical capital.

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