Development of Human Resources

Human resource development combines training and career development to improve the effectiveness of the individual, group, and organization.

Learning Objective

Explain the function of Human Resource development (HRD)

Key Points

Human resources is the set of individuals who make up the workforce of an organization, business sector, or an economy.
As a process, human resource development takes place within organizations and includes both training and development and organization development.
Human resources development (HRD) as a theory is a framework for the expansion of human capital within an organization through the development of both the organization and the individual to achieve performance improvement.

Term

human capital
Human capital is the stock of competencies, knowledge, and social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value. It is an aggregate economic view of the human being acting within economies, which is an attempt to capture the social, biological, cultural, and psychological complexity as they interact in explicit and/or economic transactions.

Example

Examples of human resource development include formal activities like classroom training, college coures, and a change effort planned by the organization. An example of an informal activity is a manager coaching his or her employee.

Full Text

Human resources is the set of individuals who make up the workforce of an organization, business sector, or an economy. "Human capital" is sometimes used synonymously with human resources, although human capital typically refers to a more narrow view (i.e., the knowledge the individuals embody and can contribute to an organization). Likewise, other terms sometimes used include "manpower," "talent," "labor," or simply "people. "

Human resources development (HRD) as a theory is a framework for the expansion of human capital within an organization through the development of both the organization and the individual to achieve performance improvement. Adam Smith states, "The capacities of individuals depended on their access to education. " The same statement applies to organizations themselves, but it requires a much broader field to cover both areas.

Human resource development is the integrated use of training, organization, and career development efforts to improve individual, group, and organizational effectiveness. HRD develops the key competencies that enable individuals in organizations to perform current and future jobs through planned learning activities. Groups within organizations use HRD to initiate and manage change. Also, HRD ensures a match between individual and organizational needs.

HRD as a process occurs within organizations and encapsulates:

Training and development (TD), the development of human expertise for the purpose of improving performance
Organization development (OD), empowering the organization to take advantage of its human resource capital.

TD alone can leave an organization unable to tap into the increase in human, knowledge, or talent capital. OD alone can result in an oppressed, under-realized workforce. HRD practicitioners find the interstices of win/win solutions that develop the employee and the organization in a mutually beneficial manner. HRD does not occur without the organization, so the practice of HRD within an organization is inhibited or promoted upon the platform of the organization's mission, vision, and values.

Human Resource

Human resource development combines training and career development to improve the effectiveness of the individual, group, and organization.

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