A human resource <u>inventory</u> of a business firm shows the demographics of the firm's labor force and whether it's technically up-to-date and thoroughly trained.
<h3>What is human resources management?</h3>
Human resources management (HRM) can be defined as an art that involves effectively and efficiently managing, controlling and improving the functions, number of employees (labor force), and activities that are being used by a business firm.
This ultimately implies that, a human resource <u>inventory</u> of a business firm should show the demographics of the firm's employees (labor force), and whether or not it's technically up-to-date, experienced and thoroughly trained, as an important part of human resource management.
