0 1. Topic 1 Overview: Nature of Human Resource Management
100 1.1 Human Capital and HR
100 1.2 HR Activities and Managing HR in Organisations
100 1.3 HR Management Roles
0 1.4 Current HR Management Challenges - Globalisation of Business
100 1.5 Current HR Management Challenges - Technological Changes
0 1.6 Current HR Management Challenges - Workforce Diversity and Cost Pressures and Rightsizing
0 1.7 Ethics and HR Management
0 1.8 Topic 1 Summary
0 1.9 Reinforcing Activity: Human Resource Management and its Elements
0 2. Topic 2 Overview: Strategic HR Management and Planning
0 2.1 Nature of Strategy and HR Management
100 2.2 HR Planning
100 2.3 Evaluating External and Internal Environments
100 2.4 Analysing and Forecasting HR Supply and Demand
0 2.5 Measuring Effectiveness Using HR Metrics
0 2.6 Topic 2 Summary
0 2.7 Reinforcing Activity: HR Planning, Shortage and Surplus of Human Resources and HR Metrics
100 Completed

39 % completion in module progress

1.1 Human Capital and HR

Overview

In this section
We learn about the human capital and HR.

At the end of this section, you will be able to:

Understand human capital and HR

Introduction

In this topic, the nature of human resource management (HRM) has been discussed. It includes the details about human resources needed by an organisation, activities they perform, their roles, challenges they face and the role of ethics in HRM.

At the end of this topic, some practical assessments have been given to test your knowledge.

Human Capital and HR

In addition to physical infrastructure, apparatus, finances, along with information, human resources have been one of the many resources, which influence organisational performance.

In contrast to other resources, nevertheless, human resources have an opportunity to generate value beyond their fundamental functions.

Watch the video below for an illustration on human capital and HR.