Final answer:
Orientation seminars given to newly hired employees are an example of human resource management, aiming to integrate employees into the company and invest in human capital through training and information sharing.
Step-by-step explanation:
This practice is part of an organization's effort to integrate new employees into the company's culture and to ensure that they are well informed about the company's policies, procedures, and expectations. By providing orientation, companies are investing in their human capital — the skills, knowledge, and experience possessed by an individual that enhance their ability to perform work to produce economic value. In the broader context, human capital is enhanced through education, training, and experience, which is why students in college or employees undergoing training are said to be acquiring human capital. It is important to distinguish between natural abilities and the skills developed through deliberate effort. The latter contribute more significantly to the productivity and efficiency of an organization and therefore require intentional strategies such as orientation programs to cultivate. These programs can help narrow the skill gaps and prepare individuals for specific roles within the company, thereby enhancing the overall labor specialization within a workforce.