Final answer:
The highlighted term is 'human resource,' emphasizing the importance and recognition of human resources in enhancing the value of human capital in organizations and reducing hiring biases.
Step-by-step explanation:
The higher status given to human resource experts in job ads and organizational charts indicates that the importance of human resource management activity is being recognized. Investing in human capital is vital for businesses and bureaucracies. Thoughtful investments in human resources, including hiring practices and continuous training and development, contribute to organizational success. By valuing human capital, organizations acknowledge that upgrading the health, skills, or knowledge of the workforce can pay off economically and lead to a more efficient and fair hiring process.
Organizations are not only recognizing the need for professional human resources functions to mitigate bias but also see the value in creating policies that encourage skill development and job mobility. For instance, apprenticeships and demand for job-relevant skills demonstrate investment in the workforce. Furthermore, larger organizations often have the resources to implement professional human resource strategies and experience with diverse staff, which can reduce discrimination and inefficiencies in the hiring process.
In conclusion, the emphasis on human resource experts reflects an understanding that professionalizing these functions can lead to a more skilled and equitable workforce, contributing to overall organizational success.