“Human Resource” is the most important asset of an organization.
Human resources are the set of individuals who makes up the workforce of an organization, business sector or an economy. This resource resides in the skill, knowledge and motivation of people and under the right condition it improves in age and experience which no other resources can do. It is therefore considered the most productive resources that can create the longest advantages for an organization.
For an organization to sustain and grow they do not only rely on advanced technology, good marketing strategy and other factors etc. In fact, they have to rely on their employee performance, contribution and image. As in most organization, they are mainly human orientated. Thus, without their support and contribution to the business operation, the organization daily business operation will not be functioning well. Christina. P (2009) mentioned that organizational psychology holds that successful organizations do not owe their success solely to market realities and sustainable competitive advantages. Actually, there is a lot more. Successful companies are those that consider their human capital as their most important asset. Facts and figures are the quantitative elements of successful management, yet the qualitative, i.e. the cognitive aspects, are those that actually make or break an organization
Here are a few factors that explain how human resource can contribute to an organization to help them meet their future goals and expectations. Firstly, having strategic human resource planning. It is a process that identifies current and future human resources needs for an organization to achieve its goals. Reilly (2003) define human resource planning as: ‘A process in which an organization attempts to estimate the demand for labour and evaluate the size, nature and sources of supply which will be required to meet the demand.’ Without human resource planning, an organization may not...
References: Christina P (2009):“The Importance of Human Resources Management (HRM) in Modern Organizations” Yahoo contributor network.
Robert J.V (2006): Employee engagement and committee (Alexandria , VA: society for human resource management, 2006)
David .I (2009): Relationship between work environment and job satisfaction in an organization for employee turnover rate.
Rebecca.L(2012): Employee benefits and compensations
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