Its the people who use the other assets to deliver value. “Human Resource (Employees) Is the Most Important Asset of an Organization. Because it is such an intangible asset… equipment, employees need timely, relevant, and, most important organized data. Specifically, organizing physical assets, human resources, knowledge management, and technology are key elements to organize. Your employees are your most valuable asset - Don't take them for granted or treat them poorly. Question: Write a short essay that discusses the following statement, using references and examples to support your answer. Voith-Engineered Reliability is the punch line of a Voith. According to Mayo(2000) focuses on a definition of human capital and defines it as: “ a capability, knowledge, skill, experience, and networking with the ability to achieve results and the potential for growth; individual motivation in the form of aspirations, ambition, drives, work motivations and, corporations across the world. Believers are more creative, committed, collegial and productive than unmotivated employees. With today's workforce becoming increasingly diverse and organizations doing more to maximize the benefits of the differences in employees, Human Resource managers are evolving from the old school side-line player to the front-line fighters. Instead of just focusing on the bottom-line; Why not invest in the people responsible for the bottom-line? Yet many companies treat their employees poorly. Not any organization in the world exit without human resources. Today I am offering to you 130 of my most loved quotes on managing to sort out, time and effortlessness.. Corporate leaders often proclaim that their employees are their most valuable asset. The greatest investment you can make is in people. The assets which can be felt, seen and touched are called tangible assets. Human assets are the skills and abilities that employees and other members of an organization add to the organization as a whole. Every time I speak for an organization, regardless of their size or mission I … But get this—when that same 10% was invested in employees, productivity went up 8.5%. The employees might appear under “asset” in the balance sheet or books of accounts of an organisation, however, they are the most valuable assets that cannot be given any monetary value as such. By using this site, you agree to this use. This book offers a comprehensive view of what is taking place in the world of AI and emerging technologies, and gives valuable insights that will allow you to successfully navigate the tsunami of technology that is coming our way. It may result in new orders that are won for the organization or even new ideas for the amendment of the product. Its the people that make things happen. Yet many companies treat their employees poorly. Protecting your assets Amazingly, for all the talk some companies give about their employees being their most valuable assets, they don't always treat them well. The role of human resource has shifted and seems to be taking up more responsibility in company strategic planning and development. He was right -- it doesn’t make sense to say that people are our most important asset. 1034 Words | 5 Pages examples to support your answer. Throughout the years, the importance of employee have increasingly emphasized in organizations. Investment in people improves the performance of the organization. HOW (your employees are your greatest assets): I firmly believe the intangible value made possible by employee actions is what makes employees your greatest asset. Without their support, the organization daily business function will not be done well and ready. Will Robots take my Job? How to Nurture Loyal Employees and Drive More Sales 1. For, Machines do not have a brain, we all know this fact. In this assignment I discussed human capital development as it is related to Human Resource Management. Some human assets are exceptionally valuable. When organizations such as Target implements, Microsoft’s Business Environment and how it relates to Human Resource “Somebody once said that in looking for people to hire, you look for three qualities: integrity, … This theory has been supported in the work of Noe et al (2010, p.719) And they should be … You want to attract and retain the best; provide them with encouragement, stimulus, and make them feel that they are an integral part of the company's mission. Will Artificial Intelligence replace Leaders? The idea that human resources, employees across all levels of an organization, as the most important asset is increasingly staking its claim in the 21st century business landscape. Human resource is always related to one organization profitability and their ability cannot be replaced by machines. Durai (2010, INTRODUCTION 228, A Study on Financial Performance Using Ratio Analysis at Emami Ltd, Literature Review on Customer Service Management on Emirates. Employees are a company’s greatest asset. Happy Employees = Happy Customers = Happy Shareholders. And sometimes what you may need the most is a little break, so you can refocus your efforts, and get back on track. In addition, and this is the central idea, employees do not belong to a company. In this individual assignment I have chosen “HUMAN CAPITAL DEVELOPMENT” as my topic. I now have a better understanding on the history of human resources development, the different theories and philosophies of HRD, and skills pertaining to analyzing an organization’s human assets and the processes related to human capital development. Assessing the value of human capital (HC), the most important asset of any organization, has long been easier said than done. “75-80% of our greatest assets walk out the door every single night, and we want to make sure they come back. Some quotes directly relate to the act of organizing items, while others … According to research conducted by Gallup, disengaged employees cost companies $450-to-$550 billion in lost productivity each year as a result of poor performance and high absenteeism. However, human resource is still the most important element to determining the success or failure of an organization. They will not take the initiative to solve problems. Physical assets are, Each business and organization has their own way on how the operate as well as how they organize within their organization. The most important asset for any organisation is customers. In fact, at Axia, our employees are our most important clients. Throughout the years, the importance of employee have increasingly emphasized in organizations. All machines are run by the human. While there is some meaningful recognition behind employees being referred to as “our greatest asset”, the bottom line is most assets on a balance sheet depreciate … “Human Resource (employees) is the most important asset of an organization. Information is one key to performance management and improvement. Without customers you will have no need for employees. People are the most important assets of an organisation. Ironically, while human resources are the most important asset in an organization, they are also the cost involved during the training activity. When you empower employees, you promote vested interest in the company. The advance equipments, new technology, good marketing strategic, excellent customer services and many other elements can be the factors to build up for the advantages. Actions such as: caring enough to go the extra mile to get something done They have the answers on how to improve customer service and your products. “Human Resource is the most important asset of an organization”. Your employees -- and by extension, your job applicants -- are much more important than your customers. It’s the satisfaction level of your employees that matters … If employees are your greatest assets, they do. Many of us in business have heard the popular aphorism, “People are your greatest asset.” Some of us may even believe it. This well-intentioned phrase was in fact carrying a buried and profoundly disrespectful message, implying conventional capital asset thinking, treating the people in the organization as an asset to be computed along with any other number in a ROI calculation. These components consist of value, major shareholders, employees, revenue, board of directors, advisors, and subsidiaries, course, I learned a great deal about Human Resources Development (HRD). Microsoft’s organization has seven components of their structure. When a new project is put into effect, the strategies will then need to be put into effect. See our. Traditionally, human resource focused mainly on administrative functions and process personnel management. However, as important as any of these corporate financial assets may be, for the nonprofit organization millions of dollars worth of buildings and cash reserves are far less important than at least seven other tangible and intangible assets that will strongly influence the future success and viability of the organization and its mission. Employees are valuable assets of an organization and the key to Success. The skills, knowledge and experience of each individual contribute to the growth of organizations, communities and the development of the nation. An employee will perform better or at his peak when he has a positive perception of the work he is doing and his organization. Therefore, they cannot be accounted for as an asset in the same way as a machine or a building. Employees are the heart beat of the company. “ That is visionary, long-view leadership that we can all aspire to in our own way. Initially the company was established in 1981 but their foundation can be rooted back to 1975 (Rouse, 2007). The idea that human resources, employees across all levels of an organization, as the most important asset, examples to support your answer. Additionally, developing staff is one of the most effective motivator for retaining them. Any organisation is customers using Ratio Analysis at Emami Ltd, Literature Review on service! 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