“Human Resource (employees) is the most important asset of an organization. 1. What other assets in the organization require protection? People are the most important assets of an organisation. The employees of a company appear in the balance sheet as a cost and not as an investment. This is made true with its philosophy of “Building People to Build for People”. Employees often stayed with a single company most of their work career. It places employees in a class with assets. An asset is a resource of any sort, tangible or intangible variety, that is owned by businesses and that is believed to produce positive economic value.. A financially sound organization would have more assets than liabilities and while this means good financial health, the opposite means poor financial health of the organization. Employees are considered a company most important asset as they own something that is irreplaceable, the superiority of a human mind. 0000173228 00000 n In most cases, this operation is split between an administrator who maintains the asset in a functioning state and the employee or employees who use the asset to produce value. The core issue centers on the meaning of the statement’s content. 0000001811 00000 n Each of these elements provides huge possibilities for profit, provided that one can use effective solutions in exploiting them. Your People Are Your Most Important Asset ... and future service delivery goals and objectives must be communicated to audiences at all levels of the organization… Biography. However, due to technology advancement, administrative tasks have reduced. 0000173330 00000 n I’ve had the unique honor of experiencing the strength and number of United Airlines employees… How many really, truly, believe it… and of those how many actually account for their employees as an asset on the books? 5. The employee as asset model worked because, like machines, people did not leave organizations. At the heart of the problem is an accounting peculiarity. Competition for talent is growing. Employees are a company’s greatest asset. But Human Resource department is basically the backbone of an organization as it is the HR officers who manage the most important asset of an organization that is its employees. 0000003600 00000 n The effectiveness of developing human resources is among the most vital issues to organizations. THE EMPLOYEES – THE MOST IMPORTANT ASSET IN THE ORGANIZATIONS IVETA GABČANOVÁ Abstract Satisfied, highly-motivated and loyal employees represent the basis of competitive company. Management of the company does not often know opinions of…, The Effect of Organizational Justice and Organizational Commitment on Knowledge Sharing and Firm Performance, The impact of the non-financial incentives in employees in the public sector in Norway, Organizational Trust and Employee Performance in Selected Hotels in Edo State of Nigeria. Author Profession: Businesswoman. Many of the managers say employees are like family and act in a different way. An employee will perform better or at his peak when he has a positive perception of the work he is doing and his organization. Conducting business activities and competition between companies in developing international markets show, that Human Resource Management is the source of permanent competitiveness in contemporary business. 0000011955 00000 n What Other Assets In The Organization Require Protection? “Human Resource (Employees) Is the Most Important Asset of an Organization. the most important contributors were total rewards and accountability, a collegial and flexible workplace, recruiting and retention excellence, communication integrity, focused HR ... asset: their employees. Why Do Employees Constitute One Of The Greatest Threats To Information Security? Automate HR services 3. 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. Believers are more creative, committed, collegial and productive than unmotivated employees. 0000003118 00000 n (Thanks) Thank Writer; Comment; Blurt; thanked the writer. Well that’s what they have HR for. People power is the most important of all the assets the organization possesses, as this contributes majorly in the profits, market value, sales figures, and consequently the books of accounts. People are the most important assets of an organisation. Your employees -- and by extension, your job applicants -- are much more important than your customers. Employees are a company’s greatest asset. Success for most organizations depends on finding the employees with the skills to successfully perform the tasks required to attain the company’s strategic … 0000134206 00000 n Equality in the workplace is important for encouraging workers from all backgrounds to feel confident in their ability and achieve their best.