How would you explain or define Human Resource Development, including statements/explanations of this definition?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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How would you explain or define Human Resource Development, including statements/explanations of this definition?

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Step 1: Introduction :

A strategic function within firms, human resource development (HRD) aims to improve employees' abilities, knowledge, and skills. In today's dynamic corporate environment, it is crucial to achieving sustained growth and competitiveness. In order to maximize both individual and group potential, HRD comprises a wide range of programs, including training, career development, performance management, and employee engagement. Businesses can promote a culture of continuous learning and development by coordinating HRD efforts with organizational goals and responding to changing demands, which will ultimately result in greater performance, innovation, and overall success. The importance of people in an organization's success and their continual investment in their growth and development are highlighted by this multidimensional concept.

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