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1. The term HRM is still often used to represent the function in companies that handle all people-related issues. In the usage of this term, the concept of a resource is akin to that of an asset or the very source from which various types of value can be produces. While the term HRM should be understood that ( ) or ( )from which various types of value can be produced.

2. Most recently, the term ( ) is increasingly being used. The term emphasizes the recognition of employees as capital assets in the organization. This is because employees have intrinsic value with their competencies and experiences that can be applied to increasingly challenging tasks for the production of economic and social gain. Most of the discourse about people as assets in an organization supports the notion that people are not simply resources to be used up and depleted.

3. It is sometimes said that the customer of the HR department are the employees in the company. However, such a notion does not account for the additional role of the HR department to support the( ) direction by conveying important information to employees that comes from the executive management. Sometimes, the executives management looks to the HR department to affect changes in employee thinking and behavior to align with new business goals.