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56-689: Human resources ( HR ) is the set of people who make up the workforce of an organization , business sector , industry, or economy . A narrower concept is human capital , the knowledge and skills which the individuals command. Similar terms include manpower , labor , labor-power , or personnel . The Human Resources department (HR department, sometimes just called "Human Resource") of an organization performs human resource management , overseeing various aspects of employment , such as compliance with labor law and employment standards, interviewing and selection , performance management, administration of employee benefits , organizing of employee files with

112-524: A free content work. Licensed under CC BY-SA 3.0 ( license statement/permission ). Text taken from Seizing the opportunities of the African Continental Free Trade Area for the economic empowerment of women in agriculture​ , FAO, FAO. Business administration The administration of a business includes the performance or management of business operations and decision-making , as well as

168-419: A business firm. Strategic thinking , leadership , problem-solving , communication , and the ability to work effectively with a diverse range of people and organizations are among the key skills and competencies required of effective managers. Managers must also be able to balance the needs and interests of various stakeholders, such as employees, customers, shareholders, and the larger community. Management

224-426: A common set of functions to meet an organization's goals. Henri Fayol (1841–1925) described these "functions" of the administrator as " the five elements of administration ". According to Fayol, the five functions of management are planning, organizing, commanding, coordinating, and controlling. Without proper business management, a firm cannot utilize its resources properly so, it is the most important term in running

280-413: A developing nation losing human capital does not lose the capacity to continue to train new people in trades, professions, and the arts. Some businesses and companies are choosing to rename this department using other terms, such as "people operations" or "culture department," in order to erase this stigma. Human resource companies play an important part in developing and making a company or organization at

336-404: A family, like child care work, or actual habitual daily labour that is not monetarily rewarded, like working the fields. Unpaid workers have zero earnings , and although their work is valuable, it is hard to estimate its true value. The controversial debate still stands. Men and women tend to work in different areas of the economy, regardless of whether their work is paid or unpaid. Women focus on

392-468: A marketplace. This involves the focus on making the "employment relationship" fulfilling for both management and employees. Some research showed that employees can perform at a much higher rate of productivity when their supervisors and managers paid more attention to them. The Father of Human relations, Elton Mayo , was the first person to reinforce the importance of employee communications, cooperation , and involvement. His studies concluded that sometimes

448-411: A personnel department to deal with grievances, discharges and safety, and information for supervisors on new laws and practices after several strikes and employee lockouts. This action was followed by other companies; for example, Ford had high turnover ratios of 380 percent in 1913, but just one year later, the line workers of the company had doubled their daily salaries from $ 2.50 to $ 5, even though $ 2.50

504-416: A structured and thorough manner. This means that it covers the hiring, firing, pay and perks, and performance management. This first definition is the modern and traditional version more like what a personnel manager would have done back in the 1920s. The second definition is that HRM circles the ideas of management of people in organizations from a macromanagement perspective like customers and competitors in

560-589: Is a bachelor's degree in commerce and business administration. The duration of the degree is four years in the United States and three years in Europe. The degree is designed to give a broad knowledge of the functional aspects of a company and their interconnection, while also allowing for specialization in a particular area. The degree also develops the student's practical, managerial and communication skills, and business decision-making capability to succeed in

616-457: Is a critical aspect of any successful organization, and it requires a wide range of skills, knowledge, and expertise. Whether managing a small team or a large corporation, effective management is essential to achieving success and driving growth. Another critical aspect is effectively managing and motivating employees. Managers must be able to foster a positive and productive work environment, as well as recognize and reward employees who contribute to

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672-498: Is a postgraduate degree with a focus in business management . In terms of content, it is similar to the Master of Business Administration (MBA) degree as it contains identical management courses but is open to prospective postgraduate candidates at any level in their career unlike MBA programs that have longer course credit requirements and only accept mid-career professionals. The Doctor of Business Administration (DBA or DrBA)

728-630: Is a research doctorate awarded on the basis of advanced study and research in the field of business administration. The D.B.A. is a terminal degree in business administration and is equivalent to the Ph.D. in Business Administration. The PhD in Management is the highest academic degree awarded in the study of business management. The degree is intended for those seeking academic research- and teaching-careers as faculty or professors in

784-503: Is always unstructured and unregulated. Formal employment is more reliable than informal employment. Generally, the former yields higher income and greater benefits and securities for both men and women. The contribution of informal labourers is immense. Informal labour is expanding globally, most significantly in developing countries . According to a study done by Jacques Charmes, in the year 2000 informal labour made up 57% of non-agricultural employment, 40% of urban employment, and 83% of

840-770: Is an overall larger source of employment for females than it is for males. Women frequent the informal sector of the economy through occupations like home-based workers and street vendors . The Penguin Atlas of Women in the World shows that in the 1990s, 81% of women in Benin were street vendors, 55% in Guatemala, 44% in Mexico, 33% in Kenya, and 14% in India. Overall, 60% of women workers in

896-416: Is defined as the ratio of the civilian labour force to the noninstitutional civilian population. Labour force participation rate = Labour force Noninstitutional civilian population {\displaystyle {\text{Labour force participation rate}}={\dfrac {\text{Labour force}}{\text{Noninstitutional civilian population}}}} Formal labour is any sort of employment that

952-545: Is often compounded by their lack of access to credit and financial liquidity compared to larger businesses . A farmworker , farmhand or agricultural worker is someone employed for labor in agriculture. In labor law, the term "farmworker" is sometimes used more narrowly, applying only to a hired worker involved in agricultural production, including harvesting, but not to a worker in other on- farm jobs, such as picking fruit. Agricultural work varies widely depending on context, degree of mechanization and crop. In countries like

1008-442: Is regular maintenance, this job makes sure that the current HR files and databases are up to date, maintaining employee benefits and employment status and performing payroll/benefit-related reconciliations . A human resources manager can have various functions in a company , including to: Human resource management used to be referred to as " personnel administration ". In the 1920s, personnel administration focused mostly on

1064-510: Is structured and paid in a formal way. They are paid formally using payrolls paper, electronic card and alike. Unlike the informal sector of the economy, formal labour within a country contributes to that country's gross national product . Informal labour is labour that falls short of being a formal arrangement in law or in practice. Labour inherit may come as formal or non-formal , an employee old enough but below retirement age bracket passing on to his children. It can be paid or unpaid and it

1120-536: Is that they will be commoditized, objectified, and abused. Critics of the term human resources would argue that human beings are not " commodities " or "resources", but are creative and social beings in a productive enterprise. The 2000 revision of ISO 9001 , in contrast, requires identifying the processes, their sequence, and interaction, and to define and communicate responsibilities and authorities. In general, heavily unionized nations such as France and Germany have adopted and encouraged such approaches. Also, in 2001,

1176-444: Is the total population minus people who cannot or choose not to work (children, retirees, soldiers, and incarcerated people). The noninstitutional civilian population is the number of people potentially available for civilian employment. Noninstitutional civilian population = Labour force + Out of the labour force = Employed + Unemployed + Out of

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1232-681: The International Labour Organization decided to revisit and revise its 1975 Recommendation 150 on Human Resources Development, resulting in its " Labour is not a commodity " principle. One view of these trends is that a strong social consensus on political economy and a good social welfare system facilitate labor mobility and tend to make the entire economy more productive, as labor can develop skills and experience in various ways, and move from one enterprise to another with little controversy or difficulty in adapting. Another important controversy regards labor mobility and

1288-540: The US , European countries, and Japan ) to developing countries in Asia (such as China , Vietnam , and India ), Mexico and Central America . This is because companies search for the cheapest locations to manufacture and assemble components, so low-cost labor-intensive parts of the manufacturing process are shifted to the developing world where costs are substantially lower. But not only manufacturing processes are shifted to

1344-547: The service sector , while men focus on the industrial sector . Women usually work fewer hours in income generating jobs than men do. Often it is housework that is unpaid. Worldwide, women and girls are responsible for a great amount of household work. The Penguin Atlas of Women in the World, published in 2008, stated that in Madagascar, women spend 20 hours per week on housework, while men spend only two. In Mexico, women spend 33 hours and men spend 5 hours. In Mongolia

1400-407: The workforce or labour force is the sum of those either working (i.e., the employed) or looking for work (i.e., the unemployed): Labour force = Employed + Unemployed {\displaystyle {\text{Labour force}}={\text{Employed}}+{\text{Unemployed}}} Those neither working in the marketplace nor looking for work are out of the labour force . The sum of

1456-489: The "old" international division of labor, until around 1970, underdeveloped areas were incorporated into the world economy principally as suppliers of minerals and agricultural commodities. However, as developing economies are merged into the world economy, more production takes place in these economies. This has led to a trend of transference, or what is also known as the " global industrial shift ", in which production processes are relocated from developed countries (such as

1512-419: The United States where there is a declining population of American citizens working on farms — temporary or itinerant skilled labor from outside the country is recruited for labor-intensive crops like vegetables and fruits. Paid and unpaid work are also closely related with formal and informal labour. Some informal work is unpaid, or paid under the table. Unpaid work can be work that is done at home to sustain

1568-547: The aspects of hiring, evaluating, and compensating employees. However, they did not focus on any employment relationships at an organizational performance level or on the systematic relationships in any parties. This led to a lacked unifying paradigm in the field during this period. According to an HR Magazine article, the first personnel management department started at the National Cash Register Co. in 1900. The owner, John Henry Patterson , organized

1624-521: The beginning or making a success at the end, due to the labor provided by employees. Human resources are intended to show how to have better employment relations in the workforce. Also, to bring out the best work ethic of the employees and therefore making a move to a better working environment. Moreover, green human resource development is suggested as a paradigm shift from traditional approaches of human resource companies to bring awareness of ways that expertise can be applied to green practices. By integrating

1680-568: The broader philosophical issue with the usage of the phrase "human resources". Governments of developing nations often regard developed nations that encourage immigration or "guest workers" as appropriating human capital that is more rightfully part of the developing nation and required to further its economic growth. Over time, the United Nations have come to more generally support the developing nations' point of view, and have requested significant offsetting "foreign aid" contributions so that

1736-402: The competitive world. Many programs incorporate training and practical experience, in the form of case projects, presentations, internships, industrial visits, and interaction with experts from industry. The Master of Business Administration (MBA or M.B.A.) is a master's degree in business administration with a significant focus on management. The MBA degree originated in the United States in

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1792-573: The developing world are employed in the informal sector. The specific percentages are 84% and 58% for women in Sub-Saharan Africa and Latin America respectively. The percentages for men in both of these areas of the world are lower, amounting to 63% and 48% respectively. In Asia, 65% of women workers and 65% of men workers are employed in the informal sector. Globally, a large percentage of women that are formally employed also work in

1848-403: The developing world. The growth of offshore outsourcing of IT-enabled services (such as offshore custom software development and business process outsourcing ) is linked to the availability of large amounts of reliable and affordable communication infrastructure following the telecommunication and Internet expansion of the late 1990s. [REDACTED]  This article incorporates text from

1904-439: The early-20th century, when the nation industrialized and companies sought scientific approaches to management. The core courses in an MBA program cover various areas of business such as accounting, finance, marketing, human resources, and operations in a manner most relevant to management analysis and strategy. Most programs also include elective courses. The Master of Management (MiM) or Master of Science in Management (MSM)

1960-458: The efficient organization of people and other resources to direct activities towards common goals . In general, "administration" refers to the broader management function, including the associated finance , personnel and MIS services. Administration can refer to the bureaucratic or operational performance of routine office tasks, usually internally oriented and reactive rather than proactive. Administrators, broadly speaking, engage in

2016-413: The expertise, knowledge, and competencies of human resource development practitioners with industry practitioners, most industries have the potential to be transformed into a sector with ecofriendly and pro-environmental culture. Human resources also deals with essential motivators in the workplace such as payroll , benefits, team morale and workplace harassment. Administration and operations used to be

2072-523: The global workforce grew from 1.2 to 2.9 billion people. According to a 2012 report by the McKinsey Global Institute, this was caused mostly by developing nations, where there was a "farm to factory" transition. Non-farming jobs grew from 54 percent in 1980 to almost 73 percent in 2010. This industrialization took an estimated 620 million people out of poverty and contributed to the economic development of China, India and others. Under

2128-472: The housework hours amount to 27 and 12 for women and men respectively. In Spain, women spend 26 hours on housework and men spend 4 hours. Only in the Netherlands do men spend 10% more time than women do on activities within the home or for the household. The Penguin Atlas of Women in the World also stated that in developing countries, women and girls spend a significant amount of time fetching water for

2184-542: The human factors are more important than physical factors, such as quality of lighting and physical workplace conditions. As a result, individuals often place value more on how they feel. For example, a rewarding system in Human resource management, applied effectively, can further encourage employees to achieve their best performance. Pioneering economist John R. Commons mentioned "human resource" in his 1893 book The Distribution of Wealth but did not elaborate. The expression

2240-738: The informal sector behind the scenes. These women make up the hidden work force. According to a 2021 FAO study, currently, 85 per cent of economic activity in Africa is conducted in the informal sector where women account for nearly 90 per cent of the informal labour force. According to the ILO 's 2016 employment analysis, 64 per cent of informal employment is in agriculture (relative to industry and services) in sub-Saharan Africa. Women have higher rates of informal employment than men with 92 per cent of women workers in informal employment versus 86 per cent of men. Formal and informal labour can be divided into

2296-463: The labour force = Total Population − People who can not work {\displaystyle {\begin{aligned}{\text{Noninstitutional civilian population}}&={\text{Labour force}}+{\text{Out of the labour force}}\\&={\text{Employed}}+{\text{Unemployed}}+{\text{Out of the labour force}}\\&={\text{Total Population}}-{\text{People who can not work}}\end{aligned}}} The labour force participation rate

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2352-399: The labour force and out of the labour force results in the noninstitutional civilian population , that is, the number of people who (1) work (i.e., the employed), (2) can work but don't, although they are looking for a job (i.e., the unemployed), or (3) can work but don't, and are not looking for a job (i.e., out of the labour force). Stated otherwise, the noninstitutional civilian population

2408-415: The major companies to enhance their strategic planning – a process of predicting future changes in a particular environment and focus on ways to promote organizational effectiveness . This resulted in developing more jobs and opportunities for people to show their skills which were directed to effectively applying employees toward the fulfillment of individual, group, and organizational goals. Many years later

2464-428: The major/minor of human resource management was created at universities and colleges also known as business administration . It consists of all the activities that companies used to ensure the more effective use of employees. Now, human resources focus on the people side of management. There are two real definitions of HRM ( Human Resource Management ); one is that it is the process of managing people in organizations in

2520-553: The most important sources of livelihood for women. Women are estimated to account for approximately 70 per cent of informal cross-border traders and are also prevalent among owners of micro, small, or medium-sized enterprises (MSMEs). MSMEs are more vulnerable to market shocks and market disruptions. For women-owned MSMEs this is often compounded by their lack of access to credit and financial liquidity compared to larger businesses. However, MSMEs are often more vulnerable to market shocks and market disruptions. For women-owned MSMEs, this

2576-610: The new jobs in Latin America. That same year, informal labour made up 78% of non-agricultural employment, 61% of urban employment, and 93% of the new jobs in Africa. Particularly after an economic crisis, labourers tend to shift from the formal sector to the informal sector. This trend was seen after the Asian economic crisis which began in 1997. Gender is frequently associated with informal labour. Women are employed more often informally than they are formally, and informal labour

2632-528: The overall success of the organization. This can include providing opportunities for professional development and growth, as well as establishing clear communication channels and ensuring that everyone understands their role and responsibilities. The Bachelor of Business Administration (BBA, B.B.A., BSBA, B.S.B.A., BS, B.S., or B.Sc.), Bachelor of Science in Business, Business Administration, Business Management (BS), or Bachelor of Commerce (Bcom. or BComm)

2688-400: The practice of accessing the lowest-cost workers from all parts of the world, is partly a result of this enormous growth in the workforce. While most of the absolute increase in this global labour supply consisted of less-educated workers (those without higher education), the relative supply of workers with higher education increased by about 50 percent during the same period. From 1980 to 2010,

2744-459: The process and ensuring background checks . Another job is payroll and benefits administration which deals with ensuring vacation and sick time are accounted for, reviewing payroll, and participating in benefits tasks, like claim resolutions, reconciling benefits statements, and approving invoices for payment. Human Resources also coordinates employee relations activities and programs including, but not limited to, employee counseling. The last job

2800-467: The required documents for future reference, and some aspects of recruitment (also known as talent acquisition ), talent management , staff wellbeing, and employee offboarding . They serve as the link between an organization's management and its employees. The duties include planning, recruitment and selection process, posting job ads, evaluating the performance of employees, organizing resumes and job applications, scheduling interviews and assisting in

2856-774: The subcategories of agricultural work and non-agricultural work. Martha Chen et al. believe these four categories of labour are closely related to one another. A majority of agricultural work is informal, which the Penguin Atlas for Women in the World defines as unregistered or unstructured. Non-agricultural work can also be informal. According to Martha Chen et al. , informal labour makes up 48% of non-agricultural work in North Africa, 51% in Latin America, 65% in Asia, and 72% in Sub-Saharan Africa. Agriculture and informal economic activity are among some of

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2912-630: The two role areas of HR. The strategic planning component came into play as a result of companies recognizing the need to consider HR needs in goals and strategies. HR directors commonly sit on company executive teams because of the HR planning function. Numbers and types of employees and the evolution of compensation systems are among elements in the planning role. Various factors affecting Human Resource planning include organizational structure, growth, business location, demographic changes, environmental uncertainties, expansion. Workforce In macroeconomics,

2968-573: The week, while men do not. For example, in Malawi women spend 6.3 hours per week fetching water, while men spend 43 minutes. Girls in Malawi spend 3.3 hours per week fetching water, and boys spend 1.1 hours. Even if women and men both spend time on household work and other unpaid activities, this work is also gendered. In the United Kingdom in 2014, two-thirds of workers on long-term sick leave were women, despite women only constituting half of

3024-576: The workforce, even after excluding maternity leave. The global supply of labour almost doubled in absolute numbers between the 1980s and early 2000s, with half of that growth coming from Asia. At the same time, the rate at which new workers entered the workforce in the Western world began to decline. The growing pool of global labour is accessed by employers in more advanced economies through various methods, including imports of goods, offshoring of production, and immigration . Global labor arbitrage ,

3080-474: Was a fair wage at that time. This example clearly shows the importance of effective management which leads to a greater outcome of employee satisfaction as well as encouraging employees to work together in order to achieve better business objectives. During the 1970s, American businesses began experiencing challenges due to the substantial increase in competitive pressures. Companies experienced globalization, deregulation, and rapid technological change which caused

3136-468: Was used during the 1910s to 1930s to promote the idea that human beings are of worth (as in human dignity); by the early 1950s, it meant people as a means to an end (for employers). Among scholars the first use of the phrase in that sense was in a 1958 report by economist E. Wight Bakke . In regard to how individuals respond to the changes in a labor market , the following must be understood: One major concern about considering people as assets or resources

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