Hello! I'm Gangani Bandara from Kandy, Kundasale. I'm a Banker form 2010 at Bank Of Ceylon.

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Kandy, Kundasale, Sri Lanka
Works at Bank Of Ceylon since 2010

Saturday, July 17, 2021

The most important resource in Organizations, 'Human Resource'

Human Resource the most important resource

Humans are known as the most intelligent and adaptive species of the world. Which make them more superior in many ways. Even in organizations and businesses humans are always involved as a key resource. Most of the time all most all the operations of an organization are carried out by people. Even when there are highly systematic and automated working environment, the organizations need people to operate them. 


  Image 01 - bcaprojects.com

Human Resource Management - HRM

In the past there was no specific consideration given to the human resources of organizations rather than providing basic welfare needs.

Subsequently  a separate department called “Personal Department” was introduced in order to fulfil Payroll, Recruitment, Leave Records, Promotions, Discipline, Welfare and Etc. but still only a little attention was paid to Employee satisfaction, Opportunity to learn and grow, Aspiration of individuals and Preparation for the future, Etc.

During the last 30 years these issues related to HR have become major concerns of Higher management and as a result, “Human Resource Management” was invented in order to carryout organizational activities more effectively.  Also, Human Resource Management directs the right people at right places and guides them with a view of carrying out the organizational functions smoothly without any interruption.

 "Human Resource managements is the strategic approach of management of an organizations most valuable asset - The people who work for that organization and who individually and collectively contribute to the achievement of objectives of the business". (Simons,R;,2011)


Image 02 - HRM Functions (source -hrmpractice.com)


Why Human Resource is different

Human Resource is different form all the other resources of an organization. Therefor a special care and recognition must be given due it`s special characteristics.

  • The Most important Resource
Compared to other resources, the Human Resource is very unique. People are capable of contributing to organization's excellence more than any other resources. People see opportunities, makes decisions and contribute the organizations to move forward. 

  • Potential for continuous Upgrading
The ability to think and learn is the most outstanding characteristic of the Human Resource which in return helps the organizations to be innovative and to adapt towards continuous growth.

  • Appreciate over time
In an organization the assets and other resources will depreciate over time or the inherited value will remain the same. But in the case of HR as the time passes by, through experience and specialization learning the inherited value will increase. Therefor HR is the only resource that will appreciate over time.

  • No Stranded to Specify the Capacity
Every other resource has a capacity of performance. E.g.:- Machines, Vehicles, etc.  But Human Resource does not have such standard or measurement to specified capacity. Since the capacity of human resource varies under different circumstances such as knowledge, skills, attitudes, experience, motivational factors, etc.

  • The Costliest among all Resource
Human Resource incurs a significantly high cost when it comes to profit of the organization since the Salaries and Wedges represents a higher portion of expenses. Human Resource is needed even for the most sophisticated machines and equipment.

  • Possibility of deteriorating in attitudes
Employees may not continue to perform as same because of various reasons. Mostly due to changes in mental or physical conditions and other environmental factors. 


 Image 03 (source- slc-coaching.com)

 Conclusion

As discussed Human resource is extraordinary compared to  other resources and must be handled with lot of care. It can contribute towards the growth of an organization by correctly employing people, training them,  developing their talents, maintaining and rewarding them for their service as appropriate according to the needs of organization by implementing a personalized HRM process.





References

Armstrong,M;,(2014) A Handbook of Human Resource Management Practice 10th edition. 

Simons,R;,(2011) Human Resource Management - Issues Challenges and Opportunities available at https://books.google.lk/

Heery.E ,Noon.M;,(2008) A dictionary of Human Resource Management available at https://books.google.lk/

Tyson.S;,(2012) Essentials of Human Resource Management at https://books.google.lk/

32 comments:

  1. This comment has been removed by the author.

    ReplyDelete
  2. Very well explanation and introduction about Human Resource Management and each part of the article explained nicely. You have highlighted the importance of HRM.
    Good luck for future blogs..!!!

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  3. As a subject HRM is a huge topic to discuss, but here in this post it is clearly defines the subject of HRM in a very short explanation. How important human resources management to an organization.
    I considered adding a few extra details to help people to a better understanding about the HRM journey. Before late 1930s, labors were treated as slaves there were no value for human efforts. After 1930’s Mayo (1933), who founded the human relations school. McGregor (1960) who recognised that the needs of both the organisation and the individual need to be recognised. Then there it was transformed from labor management to personal management, and finally during 1980s, it was reborn as HRM. Thereafter, HRM began to play a significant part in an organization's overall performance by directing employees toward the ultimate goal.
    I wish all the very best for your future blogs.!

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  4. Thank you praveen.
    I wanted to emphasis on the Importance of Humans as a resource. Very much appreciate if you can give your comment on that view too.

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  5. Hi Gangani ! You perfectly explained the importance of the most valuable asset of any organization. So managing the most important asset is one of the most crucial part of the organization. As you mentioned human resource is an amazing resource that the value of which appreciates over the time. And this is a resource which can be loyal to the Organization .Hence as you said, it must be handled with lot of care.

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  6. Useful post! The introduction of the particular topic and the way of explanation is greatly appreciated. I found your article very informative and high quality backlinks. All the very best.

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  7. Dear Gangani

    Human Resource is the most important asset that a company have. High skilled and high motivated people can uplift a company form any troubled situation. Therefore modern companies invest lot on HR resourcse. HRM is a broad topic to discuss and you have breef it in a very proper manner.

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  8. Thank you for your valuable comments

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  9. Human resources or the people working in the organization are the most important resource. Human resource management is the process of employing people, training them, compensating them, developing policies relating to the workplace, and developing strategies to retain employees. Simple You Can not do anything without HR. your argument is so simple and strong like that.

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  10. Humans are an integral part of any organizations existence and success. The company's success is derived from its bottom-line employees to the corporate management. It is arguable, whether the employees are an asset to the organization or NOT? Well, it depends, a Highly motivated, smart worker is a real asset and its vise versa on the other side of it too. All key elements of HR are interlinked with each other, by stand one cannot effect alone or one's malfunction will have an impact on the others. For Example, if the Training and Development part is not fulfilled 100% you cannot expect optimum output from the employees.

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  11. Human resource improves the company's bottom line with its knowledge of how human capital affects organizational success. Hence human resource management is one of the critical function of a business. Thanks Gangani for sharing this.

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  12. This is very relevant and important topic. I enjoy how you discuss the "Why HR is different" topic in detail. Manpower is the most critical resource. Managing it effectively is quite important.

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  13. Very relevant topic, as you explained, It is the HR departments that are responsible for ensuring that equal opportunity means equal. Human Resources is the area of the company or corporation that is called upon to make certain the workplace stays one that is safe, fair, and above all civil. Thanks for sharing

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  14. Hello Gangani, Human are the foundation of an Organization.HR plays a main role in developing, supporting and changing the culture of an organization. HR is covering performance management, training and development, recruitment and onboarding and supporting the values of the business are all essential features of business culture . The Topic of Importance of HRM is very huge topic to discuss. But you explained it nicely.

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  15. Without a doubt, it is the most valuable resource. It observes that the HR team has evolved into a more vocal advocate for employees. In an era when the spotlight is squarely on company culture, it is more important than ever that employees have a voice and that their experiences and concerns are sought out and listened to in any organization. This article is well defined and constructed on how important it is.

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  16. Hi Gangani, your article is well lined up, Human resource management is the process of employing people and you have explained well 'why human resources is different'. thanks for sharing.

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  17. Without human resources (people), the organization's other resources would be unable to function, and the organization would be unable to achieve its defined goals. As a result, in order to expand and become competitive in the long run, a firm must invest in its personnel. True, this investment is costly, but well-trained, innovative, adaptive, motivated, and involved personnel in attaining the organization's goals produce beneficial improvements in all of its structures.

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  18. Human resource management is a very important function, usually referred to as the core function of the organization. Without human resource management, organizations will not be able to effectively recruit and retain employees and maintain a healthy and acceptable workforce culture and environment. Effective human resource management strategies and functions are critical to the organization's success in ensuring employee satisfaction, keeping pace with social and ethical models, maintaining a healthy work culture, and a healthy life balance, work and life for employees. The author has well explained. Worth to read.

    ReplyDelete

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