Human Resource Management, Human Resource Planning (p.103-104, 3.1., 3.2.)

Employees are an important component of every business. Realization of this fact was behind the rise of personnel management, the specialized task of obtaining the people a company needs and then overseeing their training, evaluation, and compensation. In the 1970s top management also began to realize that, with the right people in the right jobs, businesses can compensate for shortfalls in other areas.