Preview

The Importance of Human Resources

Satisfactory Essays
Open Document
Open Document
480 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Importance of Human Resources
The true value of any company in any economy is its people. Could a company survive if it lost all of its equipment, all of its machinery or all of its office supplies? The answer to this question is absolutely, because the employees of the company would pitch in to make sure it survived. On the other hand, could a company survive if it lost all of its employees? These questions emphasize the importance and necessity of people in businesses because without them, the businesses would not be able to run. The importance of human resources is staggering and it acts as an advocate for the most important business resource, people. Without human resources, people would have no incentive or motivation to stay in there jobs I believe there is a clear relationship between the effectiveness of a company's people practices and the company's market value. Focusing on people definitely pays off; therefore strong human resource practices have the potential to increase a company's productivity and profitability. The expanse of issues human resources deals with in a company is extremely large, effecting most if not all aspects of a person's job. For example, compensation, benefits, harassment, hiring, job evaluation, leaves of absence, occupational health and safety, vacation, retirement, education and training are just a few of the topics human resource professionals deal with on a full time basis. Can you imagine working in a company where there was no person or group of people to turn to with a question or concern regarding your job evaluation or career path? What would happen if you felt you were being harassed because of your sex or race at work and there was no human resource department or policy in place against harassment? These questions stress the fact that without human resources in a company, employees would feel unimportant and discouraged as well as other negative feelings. There are endless scenarios that could show the disadvantages an employee
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Jenkins Keith HCS 341 High Performance Work Systems Summary
    • 281 Words
    • 1 Page

    Jenkins Keith HCS 341 High Performance Work Systems Summary

    In conclusion, Human Resources can be what one makes it. Being able to communicate and negotiate and meeting the needs of the business as well as the employees can come all together with everyone on the same track and working together to complete common goals.…

    • 281 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    D1 Evaluate How Managing Resources And controlling budgets can improve the performance of Asda.
    • 564 Words
    • 2 Pages

    D1 Evaluate How Managing Resources And controlling budgets can improve the performance of Asda.

    Managing the human resources department can help to build more reliable and hardworking workforce and when managing human resources appropriately can lead to highly motivated and skilled staff and can defiantly improve the business performance. E.g. at Asda it’s important to provide staff with incentives so that they feel their work is being valued and they will want to work harder to achieve targets. I believe that if the management of the human resources department is done well then that is the key element to bringing the business to success. If the staff are well trained and looked after, they will provide better customer service which in turn will attract more customers therefore they will make more money by just doing that one simple step, staff will also need to stack shelves quickly so that there is always fresh food for customers to buy.…

    • 564 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    508
    • 1291 Words
    • 4 Pages

    508

    Human Resources are an important part of any corporation. They assist employees through implementing programs that facilitate training as well as offering employees benefits such as retirement and leave. While examining the best companies to work for we see the different actions companies take to create employee satisfaction which in turn creates successful companies.…

    • 1291 Words
    • 4 Pages
    Powerful Essays
    Read More
  • Good Essays

    Functional Areas of Business
    • 1106 Words
    • 5 Pages

    Functional Areas of Business

    Human resources management is a key function in all businesses because it directly involves the development of personnel within a business. All managers play a role in the life cycle of their employees to include hiring, training, promotion, and disciplinary actions. The role of human resources managers is constantly evolving and many organizations have added the responsibilities of retirement benefits, and payroll accounting to their scope of practices.…

    • 1106 Words
    • 5 Pages
    Good Essays
    Read More
  • Powerful Essays

    Trends and Challenges in Human Resources
    • 3767 Words
    • 16 Pages

    Trends and Challenges in Human Resources

    More than ever traditional managers are seeing that human resource management is playing a more central role rather than just an administrative function. Managers are looking at human resource management as a way to support a company’s strategy by helping to plan for meeting broad goals including profitability, quality and market…

    • 3767 Words
    • 16 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Hmr Ch1
    • 927 Words
    • 4 Pages

    Hmr Ch1

    Human resource can contribute to a company’s success in that, it helps the organization motivate people ensuring that their goals are met and satisfied, individual’s goals or needs could vary from money, self-realization, learning, developing and more so growing as an individual.…

    • 927 Words
    • 4 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    ‘Human Resource Management Is Critical to the Effective Management of Organisations’
    • 1937 Words
    • 8 Pages

    ‘Human Resource Management Is Critical to the Effective Management of Organisations’

    Human resources are without a doubt the most important asset of any organisation and a resource which needs to be managed, but as Mullins (p.749) states, it is important to remember that unlike physical resources, people are not owned by the organisation. Human resource management is known to be one of the key management areas and is an essential part of every organisation. Certo defines management as the process of reaching organisational goals by working with and through people and other organisational resources. Human resource management is usually defined in broad but very common terms. A definition by Fisher et al. states ‘Human resource management (HRM) involves all management decisions and practices that directly affect or influence the people, or human resources, who work for the organisation.’ A professional body for all those concerned with the management and development of people, The Chartered Institute of Personnel and Development (MIPD), defines human resource management as ‘The design, implementation and maintenance of strategies to manage people for optimum business performance including the development of policies and processes to support these strategies.’ A more in depth explanation by Torrington et al. in 1995 says ‘Personnel management is a series of activities which; first enables working people and the organisation which uses their skills to agree about the objectives and nature of their working relationship, and secondly, ensures that the agreement is fulfilled.’…

    • 1937 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Good Essays

    Human Resources as a Core Competence
    • 829 Words
    • 4 Pages

    Human Resources as a Core Competence

    Competencies are basic qualifications necessary to achieve human resources goals. In the human resources field, actual knowledge of human resources processes is the only discipline-specific competency. Businesses consider necessary HR competencies as communication skills, negotiation skills, qualified recruitment, and strategic improvement of the perception of human capital value, human resources knowledge, effective training, ethical business practices and integrity.…

    • 829 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    HR Outsourcing
    • 3171 Words
    • 13 Pages

    HR Outsourcing

    As companies reorganize to gain competitive edge, human resources plays a key role in helping companies deal with a fast-changing competitive environment and the greater demand for quality employees. Research conducted by The Conference Board has found six key people-related activities that human resources completes to add value to a company:…

    • 3171 Words
    • 13 Pages
    Powerful Essays
    Read More
  • Good Essays

    Human Resources
    • 808 Words
    • 4 Pages

    Human Resources

    In the field of Human Resources and Business Management good strategies make a difference in the output of the employees. Human Resources involves managing people. A good organization can’t build a good team of working professionals without it. The key functions of the Human Resources team include recruiting people, training them, appraising performance, motivating employees as well as workplace communication, workplace safety, and much more.…

    • 808 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Human Resource Department Analysis
    • 958 Words
    • 4 Pages

    Human Resource Department Analysis

    Human Resources can be found in almost every successful company and business. The Human resources department is one of the most important component of any type of business, no matter how big or small the business is. The Human resource department has multiple uses and responsibilities. Some of these important systems are when there are people applying for the position they will need to keep track of the applicant tracking, they will also keep track of the hiring process, along with the skills development system to make sure that they are developing the proper why that they are training them, as well as benefits administration and compliance with associated government regulations, this means that they will have to make sure that everyone is…

    • 958 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    Hr Solution
    • 3910 Words
    • 16 Pages

    Hr Solution

    Human resource is an increasingly broadening term that refers to managing human capital, the people of an organization. The field has moved from a traditionally administrative function to a strategic one that recognizes the link between talented and engaged people and organizational success. The field draws upon concepts developed in industrial/organizational psychology and system theory. Human resource has at least two related interpretations depending on context. The original usage derives from political economy and economics, where it was traditionally called labor, one of four factors of production although this perspective is changing as a function of new and ongoing research into more strategic approaches at national levels. This first usage is used more in terms of human resources development, and can go beyond just organizations to the level of nations.[i] The more traditional usage within corporations and businesses refers to the individuals within a firm or agency, and to the portion of the organization that deals with hiring, firing, training, and other personnel issues, typically referred to as human resources management.…

    • 3910 Words
    • 16 Pages
    Powerful Essays
    Read More
  • Good Essays

    Human Resources
    • 10634 Words
    • 43 Pages

    Human Resources

    All large companies need a human resources department. The human resources will help a company run smoother and effective on the labour side of things. Without this a business would collapse straight away because there would be no one to sort out who will work, at what times, when the staff will get paid, or if staff has problems with other members of staff.…

    • 10634 Words
    • 43 Pages
    Good Essays
    Read More
  • Best Essays

    Human Resource Is the Most Important Asset of an Organisation
    • 1332 Words
    • 6 Pages

    Human Resource Is the Most Important Asset of an Organisation

    Kong, Elizabeth W.Y, 2011. People as Valuable Asset in Organisations. [Online]. Available at: http://www.scribd.com/doc/51823070/Human-capital-is-arguably-the-most-valuable-asset-held-by-an-organization-today [Accessed 11 November 2012].…

    • 1332 Words
    • 6 Pages
    Best Essays
    Read More
  • Powerful Essays

    Private Sector Employee
    • 3473 Words
    • 14 Pages

    Private Sector Employee

    Human resources are always the most important element of any organization. Mathis & Jackson (2010, p.5) claimed that human resources is more than just people in the organization. They are the collective value of the capabilities, knowledge, skills, life experiences, and motivation of an organizational workforce. Without them, there would be no business of any kind as there will be no one to perform everyday business functions an organization needs. Moreover, human resources’ ability and their potential are keys to the success an organization can achieve. With rapid changing to the environment we are living due to globalization and technological advancement, today’s organizations are also continuously changing. Therefore, human potential, individual’s capabilities, time and talents must be managed and developed properly to maximize organizational effectiveness. Hence, HRM came into practice to ensure that employees are able to meet the organization’s goals and as the time goes by it becomes more important than ever to every organization.…

    • 3473 Words
    • 14 Pages
    Powerful Essays
    Read More