Term

Human Resource Management

Definition

The strategic approach to the effective management of an organization's workers so that they help the business gain a competitive advantage.

Term

Main Functions of HR

Definition

Assess current employees: skills and number needed Analyze supply and demand for employees Analyze training needs Motivate workers through financial and non-financial means Create a good working environment

Term

Demographic Changes

Definition

Changes that affect the current and future populations. Examples include changes in birth and death rates and the average age of the population.