Hrm - Employee Is the Most Important Asset
INTRODUCTION
“Human Resource is the most important asset of an organization”. In Singapore, where there are no natural resources, human capital is one of the valuable resources that the country depends on to attract foreign investors. The skills, knowledge and experience of each individual contribute to the growth of organizations, communities and the development of the nation. With today's workforce becoming more diverse, the importance of employee has also been increasingly highlighted in the organizations.
QUALITY OF STAFF
People are employed to perform the various hierarchy roles in the different divisions of an organization. They are mainly the Admin, Sales & Marketing, Finance, Production, Information Technology, Customer Service and Human Resource.
In order to gain a competitive advantage in the market, it is vital to have the correct people in their respective role in these functional divisions as the staff can then perform their scope of work to produce excellent results for the company. Particularly when employees' talents are valuable, rare and difficult to imitate, an organization can achieve a sustained competitive advantage.
Human resource is always related to one organization profitability and their ability cannot be replaced by machines as discussed by Hargreaves and Jarvis (1998: 3).
ORGANIZATION AND ITS PEOPLE
Every business and organisation will have its own unique culture, based in the prevailing beliefs and values within the business and organization. The advanced equipment, new technology, good marketing strategic, excellent customer services and many other elements can be the factors to build up for the success of an organization. In every business people are playing different roles with defined responsibilities and accountability. Take for example, in the manufacturing and production industries, the factory and machines are considered very important just as the people.
However, I agree to a large extent that human
“Human Resource is the most important asset of an organization”. In Singapore, where there are no natural resources, human capital is one of the valuable resources that the country depends on to attract foreign investors. The skills, knowledge and experience of each individual contribute to the growth of organizations, communities and the development of the nation. With today's workforce becoming more diverse, the importance of employee has also been increasingly highlighted in the organizations.
QUALITY OF STAFF
People are employed to perform the various hierarchy roles in the different divisions of an organization. They are mainly the Admin, Sales & Marketing, Finance, Production, Information Technology, Customer Service and Human Resource.
In order to gain a competitive advantage in the market, it is vital to have the correct people in their respective role in these functional divisions as the staff can then perform their scope of work to produce excellent results for the company. Particularly when employees' talents are valuable, rare and difficult to imitate, an organization can achieve a sustained competitive advantage.
Human resource is always related to one organization profitability and their ability cannot be replaced by machines as discussed by Hargreaves and Jarvis (1998: 3).
ORGANIZATION AND ITS PEOPLE
Every business and organisation will have its own unique culture, based in the prevailing beliefs and values within the business and organization. The advanced equipment, new technology, good marketing strategic, excellent customer services and many other elements can be the factors to build up for the success of an organization. In every business people are playing different roles with defined responsibilities and accountability. Take for example, in the manufacturing and production industries, the factory and machines are considered very important just as the people.
However, I agree to a large extent that human