Human resources (HR) refers to the people employed by an organization, as well as the department responsible for managing them. While it may seem odd to refer to people as “resources,” it’s an apt term. Hiring personnel with the necessary skills and fostering an organizational culture that motivates your employees to work together effectively is as fundamental to the success of a company as financial or material resources.
Finding and hiring the right people, or “talent,” is thus a top priority for companies in any industry, and especially in highly competitive sectors like tech and finance. And this in turn makes the HR department of a company hugely important, with responsibilities covering everything from recruiting to hiring and onboarding to ongoing talent management and performance evaluation.