Human Resource Is the Most Valuable Asset of an Organisation.
Human Resource is the most valuable asset of an organisation.
What is an asset? It is a useful and desirable thing or quality that one wishes to have of which in this case, the organisation. More and more companies are realising the vital role that their employees play in ensuring their company survives in the tough world of business. Through the years, the awareness of employee importance has taken great effect in companies throughout and a high level of emphasis has been put in place into the importance of the human resource department to keep their valued assets and put an edge over the rest of the companies.
Just take Singapore for example, a country with virtually no natural resources. Singapore depends heavily on her people. The quality and quantity of the citizens as this organisation’s human resource has pushed her into first world status. The efficiency of which Singapore grew has inspired even china, who in 1978 decided to overhaul her centuries-old economy and reformed in a way that was influenced by Singapore, much after Deng Xiaoping’s visit to Singapore whose dream was to “plant a thousand Singapore in China” (Ghesquiere, 2007). As the economy grows, so does the need for more people. With the fertility rate dropping, you can see the struggle of a country trying to increase its pool of people. With the Government understanding the dire consequences of a failing birth rate, introduced new population policies through the infamous “The White Paper”. It’s a population route plan which proposes a 6.9 million population by 2030 with a significant percentage of it, immigrants, aiming to build a sustainable population to support a good living condition and social cohesion while maintaining Singapore’s economic vitality as described by the National Population and Talent Division. Such of which shows how vital the role people play in a country as an organisation.
Google Inc. is a multinational corporation specialising in various internet related
What is an asset? It is a useful and desirable thing or quality that one wishes to have of which in this case, the organisation. More and more companies are realising the vital role that their employees play in ensuring their company survives in the tough world of business. Through the years, the awareness of employee importance has taken great effect in companies throughout and a high level of emphasis has been put in place into the importance of the human resource department to keep their valued assets and put an edge over the rest of the companies.
Just take Singapore for example, a country with virtually no natural resources. Singapore depends heavily on her people. The quality and quantity of the citizens as this organisation’s human resource has pushed her into first world status. The efficiency of which Singapore grew has inspired even china, who in 1978 decided to overhaul her centuries-old economy and reformed in a way that was influenced by Singapore, much after Deng Xiaoping’s visit to Singapore whose dream was to “plant a thousand Singapore in China” (Ghesquiere, 2007). As the economy grows, so does the need for more people. With the fertility rate dropping, you can see the struggle of a country trying to increase its pool of people. With the Government understanding the dire consequences of a failing birth rate, introduced new population policies through the infamous “The White Paper”. It’s a population route plan which proposes a 6.9 million population by 2030 with a significant percentage of it, immigrants, aiming to build a sustainable population to support a good living condition and social cohesion while maintaining Singapore’s economic vitality as described by the National Population and Talent Division. Such of which shows how vital the role people play in a country as an organisation.
Google Inc. is a multinational corporation specialising in various internet related