What are Human Resources?
Since knowledge can only be created, utilized and transferred by human beings, it is clear that human resource is the most important asset of a modern organization.
Other resources such as capital and raw materials are also necessary and have different functions in an organization.
Starbucks, the highly successful Seattle-based coffee store, is a great example of a company that believes that its human resource is its most important asset. Starbucks wants its baristas to have good coffee knowledge, product expertise, and provide excellent customer service.
Thus, Starbucks invests heavily in the training of its baristas. Starbucks offers comprehensive health benefits to partners who work part time, unlike most companies which offer health benefits only to full-time staff.
Finally, Starbucks offer its partners flexible work hours so that they can enjoy better work-life balance. In the modern knowledge-based economy, many companies seek to gain a competitive advantage in the market. Human resource is the most important element to build the competitive advantage of a company.
The knowledge, skills, experience and creativity of each individual contribute to the development of new products and services, which ultimately impact the profitability and growth of the company. The Minnesota Mining and Manufacturing Company 3Ma manufacturing conglomerate based in Minnesota, is a great example of a company which empowers its human resource to develop innovations that contribute to its profitability and sustained competitive advantage.
It is well known that when a company loses good employees, it is a costly and time-consuming process to recruit and train new employees to replace the ones who left. Thus, companies should value their human resource, which is their most important asset.
It makes sense for companies to be great places to work at, because happy employees will directly contribute to their bottom line.
Google is well known for its lavish perks for employees such as free gourmet food, free massages, on-site laundry, Wi-Fi commuting shuttles, etc. A few years ago, POPS noticed a problem that the departure rate of women who had recently gave birth was leaving Google at twice the average departure rate of the company.
They rectified the problem by improving the maternity leave plan to give new Google mothers five flexible months off with full pay and benefits. After this plan was implemented, the attrition rate for new mothers was reduced by 50 percent.
In conclusion, human resource is the most important asset of an organization. We have discussed the importance of human resource.
We also provided several examples of how great companies like Starbucks, 3M and Google recognize the value of human resource and create competitive advantages by effective management of various aspects of their human resource.
Retrieved June 1,from http: Management Challenges for the 21st Century, pp.Human Resource Management (HRM) is the function within an organization that focuses on recruitment of, management of, and providing direction for the people who work in the organization.
Human Resource Management can also be performed by line managers. Human Resource Management is the organizational. The human resources are the most important assets of an organization.
The success or failure of an organization is largely dependent on the caliber of the people working therein.
Without positive and creative contributions from people, organizations cannot progress and prosper. Starbucks Coffee, the largest coffeehouse company this is general perception that known by others but who knows the reason behind how Starbucks name created.
Starbucks name was found in the first publish of “Moby Dick” srmvision.com ,Starbucks open its first outlet is in Washington (USA). In Question: Write a short essay that discusses the following statement, using references and examples to support your answer.
“Human Resource (employees) is the most important asset of an organization. Throughout the years, the importance of employee have increasingly emphasized in organizations.
Clandestine HUMINT asset recruiting refers to the recruitment of human agents, commonly known as spies, who work for a foreign government, or within a host country's government or other target of intelligence interest for the gathering of human srmvision.com work of detecting and "doubling" spies who betray their oaths to work on behalf of a foreign intelligence agency is an important part.
Human Resources Management Interventions: Human Resource Management - If they feel that what they bring to the table help the organization to reach the goals, and that they are important for the development, it will increase their commitment and effort.