what is the difference between human resources and man made resources?
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Human resources are the people who add utility to the resources by adding value to it. Human made resources are the substances that are converted into usable forms after changing their original forms. For example electricity is a human made resource.
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1. Natural resources are provided to us by nature but human made resources are made by humans. ... Man made resources includes buses, buildings, mobile etc. And natural resources includes stars, planets, plants, etc.
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Human Resources is in charge or hiring, terminations, administration, training, benefits and labor. ... Economic Resources is part of Human Resources, such as labor, management and nonhuman resources. Nonhuman resources would be things like land, goods, finance and technology.
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HRM vs. HRD. HRM is an essential branch of management that deals with making the optimum usage of organizational human resources by nurturing better work conditions for all concerned. On the other hand, HRD is a branch of HRM that focuses on the growth and development of the workforce in any organization.
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First of all, Personnel Management is a combination of a traditional routine, and it can also include reporting to administrative job as well as it is applied to support managers, while Human Resource Management does not only focus in the importance of employees, but also about the importance of obtaining continuous ...
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Human resources development refers to an organization's focus on improving the knowledge, ability, skills, and other talents of their employees. ... Human resource management mainly aims to improve the efficiency of the employees whereas aims at the development of the employees as well as the organization as a whole.
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As the responsibilities of the department have evolved, the term human resources is the term that is used for departments that manage personnel and the resources to develop talent. Personnel refers to the actual human beings, while resources are all the tools to recruit, manage and train people to be better employees.
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HRM deals with all aspects of the human resources function while HRD only deals with the development part. 3. HRM is concerned with recruitment, rewards among others while HRD is concerned with employee skills development. ... HRM functions are mostly formal while HRD functions can be informal like mentorships.
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Man-Made Resources. When humans use natural things to make something new that provides utility and value to our lives, it is called human-made resources. For instance, when we use metals, wood, cement, sand, and solar energy to make buildings, machinery, vehicles, bridges, roads, etc. they become man-made resources.
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Human capital treats humans as just another resource, like land and building (fixed capital) or inventory (variable capital). ... Human development is the overall process of widening humans' skills and giving them to opportunity to grow, whether in an organisation or at a personal level.
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Finance in business, mainly deals with monitoring the circulation of finance(money). ... Whereas, HR deals with workforce embed in business. It concentrates on numerous issue such as training, compensation, appraisals, recruitment and performance management etc..
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It is people with their skills and abilities that turn them into 'resource'. Hence, human resource is ultimate resource. Healthy, educated and motivated people develop resources are per their requirements. Like other resources, human resources are not equally distributed over the world.
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Human resources (labor) describe the human work effort, both physical and mental, expended in production. Capital resources are the man-made physical resources (such as buildings, tools, machines, and equipment) used in production. People also have different levels of income to purchase economic wants.
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Some materials are natural and some are man-made. Some materials are dug out of the ground. Some materials grow - cotton comes from a plant, and wool comes from sheep. ... In science we can divide products and materials into natural and man-made.
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man made wonders can be built or made at any place with the right use of technology and resources, while natural wonders are formed with the actions of natural resources and it requires exact conditions for its formation.
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The Difference between Natural Timber and Man Made Boards Natural timber is basically the wood cut from the tree into planks of different sizes and cross-sections, while man-made boards are reconstructed sheet materials made from wood products like chippings and fibres.
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Their focuses are different for example Personnel Management focuses on the administration of the organization along with the welfare of employees and maintaining relationships with the labor. However, HRM concentrates on maintaining human resources by acquiring, developing and motivating them.