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Human Resource Costs

<p ><b>Human resources</b>&#160;are the people who make up the&#160;<a href="https://en.wikipedia.org/wiki/Workforce" title="Workforce" >workforce</a>&#160;of an&#160;<a href="https://en.wikipedia.org/wiki/Organization" title="Organization" >organization</a>,&#160;<a href="https://en.wikipedia.org/wiki/Business_sector" title="Business sector" >business sector</a>, or&#160;<a href="https://en.wikipedia.org/wiki/Economy" title="Economy" >economy</a>. "<a href="https://en.wikipedia.org/wiki/Human_capital" title="Human capital" >Human capital</a>" 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 economic growth). Likewise, other terms sometimes used include "manpower", "talent", "labour", "personnel", or simply "people".

A human-resources department (HR department) of an organization performs&#160;<a href="https://en.wikipedia.org/wiki/Human_resource_management" title="Human resource management" >human resource management</a>, overseeing various aspects of&#160;<a href="https://en.wikipedia.org/wiki/Employment" title="Employment" >employment</a>, such as compliance with&#160;<a href="https://en.wikipedia.org/wiki/Labour_law" title="Labour law" >labour law</a>&#160;and employment standards, administration of&#160;<a href="https://en.wikipedia.org/wiki/Employee_benefit" class="mw-redirect" title="Employee benefit" >employee benefits</a>, and some aspects of&#160;<a href="https://en.wikipedia.org/wiki/Recruitment" title="Recruitment" >recruitment</a>&#160;and&#160;<a href="https://en.wikipedia.org/wiki/Dismissal_(employment)" title="Dismissal (employment)" >dismissal</a>.

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Modern businesses are more likely to employ temporary human resources to serve in consulting &#38; contracting roles.

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