“Human Resource* Is the Most Important Asset of an Organization.”
Introduction
This essay will provide a definition to Human Resource (HR) and determine whether HR is the most important asset in the organization. The first part of the essay will discuss the importance of human resource and how is it is essential to the success of any organization. The second part will identify the impacts on the performance of an organisation.
Human Resource (HR) and Human Resource Management (HRM)
Oswin (2011) states that human resource is a term used to describe the individuals who make up the workforce of an organization. Rouse (2011) defines human resources as the people who work for the organization; human resource management is really employee management with an emphasis on those employees as assets of the business. In summary, all organization are made up of men and women to take up positions to do specific task and directly manage by human resource management.
No matter what organization there are out there in the business world, neither technology nor machines can out beat the importance of having qualified men and women to do the task. (Dashgarzadeh et al (2012) states that an organization’s human resources are of strategic importance, because knowledge, skills, abilities, behaviours, and interactions of employees have the potential to influence organizational performance. It is true that without technology, the amount of time needed to mass produce their products will take a longer time but what are these machines without the people who operate them.
People Practices
Noe et al (2012) states that HRM practices include analyzing and designing work, determining human resource needs (HR planning), attracting potential employees (recruiting), choosing employees (selection), teaching employees how to perform their jobs and preparing them for the future (training and development), rewarding employees (compensation), evaluating their performance (performance management), and creating a positive work environment (employee
This essay will provide a definition to Human Resource (HR) and determine whether HR is the most important asset in the organization. The first part of the essay will discuss the importance of human resource and how is it is essential to the success of any organization. The second part will identify the impacts on the performance of an organisation.
Human Resource (HR) and Human Resource Management (HRM)
Oswin (2011) states that human resource is a term used to describe the individuals who make up the workforce of an organization. Rouse (2011) defines human resources as the people who work for the organization; human resource management is really employee management with an emphasis on those employees as assets of the business. In summary, all organization are made up of men and women to take up positions to do specific task and directly manage by human resource management.
No matter what organization there are out there in the business world, neither technology nor machines can out beat the importance of having qualified men and women to do the task. (Dashgarzadeh et al (2012) states that an organization’s human resources are of strategic importance, because knowledge, skills, abilities, behaviours, and interactions of employees have the potential to influence organizational performance. It is true that without technology, the amount of time needed to mass produce their products will take a longer time but what are these machines without the people who operate them.
People Practices
Noe et al (2012) states that HRM practices include analyzing and designing work, determining human resource needs (HR planning), attracting potential employees (recruiting), choosing employees (selection), teaching employees how to perform their jobs and preparing them for the future (training and development), rewarding employees (compensation), evaluating their performance (performance management), and creating a positive work environment (employee
Bibliography: Oswin, J (2011): What is Human Resources in an organization?, viewed 29 May 2013. http://www.articlesbase.com/human-resources-articles/what-is-human-resources-in-an-organization-4631519.html Rouse, M (2011): Human Resource Management, viewed 29 May 2013. http://searchcio.techtarget.com/definition/human-resource-management-HRM Dashgarzadeh , K, Momeni, M and Taghavi, M (2012): ‘The Formulation Of Human Resources Strategies for System Group Company’, Journal Of Contemporary Research In Business, 4: 456-67, viewed 30 May 2013. Fleming, J (2008): People Are Your Best Assets, viewed 1 June 2013 Noe, R.A, Hollenbeck, J.R, Gerhart, B and Wright, P.M (2012): ’Human Resource Management’, Gaining a Competitive Advantage, viewed 15 May 2013 U.S. Office of Personnel Management, OPM. (1999): ‘Strategic Human Resource Management’, Aligning with the Mission, viewed 28 May 2013. http://www.opm.gov/studies/alignnet.pdf Write Work (2006): Human resources are the most important assets a modern organization has, Viewed 28 May 2013 http://www.writework.com/essay/human-resources-most-important-assets-modern-organization