human resource

Topics: Human resource management, Human resources, Management Pages: 4 (973 words) Published: September 28, 2013
Introduction

For an organization to run well, depends on the performances of the company’s human resource, which are the employees at all levels. Each department cooperates and works together to ensure the business goals are achieved. The human resource of a company is vital to the organization’s success, from the worker on the manufacturing floor all the way to the chief executive officer (CEO). It is clear that without human resources, a company could not function and most likely would not exist. Therefore, human resource is the most important asset of an organization.

Discussion
A company is generally formed by only a few people. As the business becomes more successful, additional people need to be hired to join the organization as the work load for the company increases. Creating a stimulating and motivating working environment is essential for a successful organization. If employees do not like the workplaces, they may face a stress and feel frustrated, “U.S. industries lose nearly $300 billion a year-or $7,500 per worker-in employee absenteeism, diminished productivity, employee turnover and direct medical, legal and insurance fees related to workplace stress, according to the American Institute of Stress” (Stamber, Z, 2006). This example shows the consequences of a bad environment in the workplace and the impact it has on the business. A company as a long-term success all depends on the employees driving it. From the early 1970’s to today, a company’s number one mantra is usually “the customer is always right”. However, if a company wants to survive in the future, the employee also has to be considered just as important. One reason for this is, “the fact that the US is going to witness the exiting of 50 million baby boomers over the next 10-12 years means that there is going to be a glut of people. It is estimated that there will be a shortfall of workers by some 10 million or so” (Harting, D. 2008). This shortage of manpower will also affect...

Bibliography: Anderson, E. 2012. Why some companies lost their best people-others don’t,
http://www.forbes.com/sites/erikaandersen/2012/08/27/why-some-companies-lose-their-best-people-and-others-dont/
Allen, S. 2012. The High Cost of Employee Turnover,
http://www.openforum.com/idea-hub/topics/money/article/the-high-cost-of-employee-turnover-scott-allen/
Crager, B. (2002): ‘Are people really our most important asset?’, ABB offshore Systems inc. Energy houston, Vol.4 No.2: 2-6
Goessl, L
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Importance of Human Capital Essay
  • Human Resources Essay
  • Essay on Strategy & Human Resources
  • Human Resources Management Essay
  • Human Resource Planning Essay
  • Essay on Strategic Human Resource Management
  • Human Resource Management Essay
  • Human Resource Planning & Factors affecting Employee Turnover and Retention Essay

Become a StudyMode Member

Sign Up - It's Free