Which of the following involves planning, acquisition & development of human resources necessary for organizational success?

Human Resource Development

Option 1: Human Resource Development

Human Resource Development (HRD) encompasses activities aimed at improving the skills, knowledge, and abilities of employees within an organization. This includes strategic planning to ensure the acquisition of the right talent, training and development programs to enhance employee skills, and initiatives to foster a positive work environment conducive to employee growth and success. Therefore, HRD plays a crucial role in planning for, acquiring, and developing the human resources necessary for organizational success.

• Specialization focuses on employees developing expertise in a particular area, which is a valuable outcome of HRD but not the entire process.
• Compensation refers to the pay and benefits offered to employees, important for attracting and retaining talent but not encompassing the broader aspects of resource planning and development.