The Importance Of Human Resource Management

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INTRODUCTION

Human resource, or rather the people, are without a doubt, the most important intangible asset in any given organisation or company. In most cases, the gauge of the “people” working in an organisation can measure whether the company will strive to succeed or struggle to survive. Human resources management (HRM) is a function within the company that makes sure that all individuals are contributing to said organisation of business equally and successfully. They make sure all parts are run like a well oiled machine and they deal with all issues that would hinder the machine running such as disputes or disagreements. It is therefore vital for any organisation to have a good HRM.

WHY ARE PEOPLE THE MOST IMPORTANT ASSET?

Quite straightforward. It take a person to set a goal, standard and vision of a company. People are needed to manage the other assets. No matter how powerful or advance the system,machine or any other asset is, it still need the people to make sure it function properly. Without people, the other asset may go awry in a different path or simply cease to function. People are also needed for their brainpower, innovation, insight and creativity, something the other assets seem to lack of. It is therefore important to let our “most important asset” feel motivated, appreciated and above all, happy to work in an organisation.( Sophie Rowan 2008) If an employee is happy and feel appreciated, the potential of these people will grow thus bringing in more asset to an organisation or company.
A MOTIVATED WORKFORCE

Motivated employee have a significant impact on an organisation. Author Dr Tim Baker (2009) state that companies which function the traditional “them and us”...

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CONCLUSION

Gary Beckett, a Nobel prize winning prize economist once say,” the basic resource in any company is the people. It is evidently clear that the company, organisation or even a country that manage it's human resource effectively are the one that is the most successful. It is therefore vital for any organisation to treat the people as a form of asset and investment. By promoting good HR practice such as having humane “common sense” law or policy, good training and by having a more accessible form of feedback, it will surely make the employee more motivated,goal-oriented and happy to work in the company which in turn lead to the success of an organisation. And on a footnote, let's not forget that although human resource is the greatest asset,it can, if practice wrongly,become the greatest potential liability as well.

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