Meaning and Definition of Human Resource
With the advent of globalisation, liberalisation and privatisation leading to advancement in information, communication and technology paved way for exhibiting the high level of innovation and creativity in human resource. In the current scenario unless the organisation recruits, selects and utilises high quality human resource the sustainability remains a question. In order to accomplish personal and organisational objectives the unique asset called human resource has to be appropriately placed and appreciated. In an organisation the human resource are the employees who are inevitable for the survival and success of the enterprise.
According to Peter.F.Drucker “Man, of all resources available to him, can grow and develop”
As per the views of Michael J Jucius Human Resource is a “Whole consisting of interrelated, interdependent and interacting physiological, sociological and ethical components”.
It is clear from the definitions that not all human beings are considered to be human resources but only those individuals who acquired the required skill sets, talents, knowledge, competencies and capabilities in the accomplishment of both individual and organisational objectives.