Document from the year 2012 in the subject Business economics - Personnel and Organisation, grade: none, , course: HR, work, hiring the best candidate, history, Human Resources, language: English, abstract: The significance of various resources of an organisation has always been of interest to both management theoreticians as well as experienced experts. Following a period of fascination with access to information and formerly with material factors of production, such as land or capital, the Human Resources (HR) concept is much appreciated in today's modern world. Its scope of activity involves recruitment and selection, training and development, employee retention programmes, and compensation and benefits policies. No wonder the human factor is put in parallel with the most significant assets of a modern organisation, regardless of its geographic location.