Human Resource (Employees) Is the Most Important Asset of...

Question : â€Å"Human Resource (employees) is the most important asset of an organization.† Introduction Traditionally, human resource focused mainly on administrative functions and process personnel management. However, due to technology advancement, administrative tasks have reduced. The role of human resource has shifted and seems to be taking up more responsibility in company strategic planning and development. This theory has been supported in the work of Noe et al (2010, p.719) Durai (2010, p.109) stated, â€Å"Employees are the precious asset of an organization†. In view of this statement, human resource planning plays an important role to optimize the utilization of its asset in term of cost and productivity. Involvement with†¦show more content†¦As mentioned in the article by Daly D (2009), skilled-based pay is the remuneration to payout employees with a better skilled knowledge that related to the job. Employees who have attained new skill and knowledge will be compensated more comparing to their co-colleagues. Taking an example of a technician in a manufacturing organization, he will be rewarded once he has completed the machine repair and maintenance program. In order for him to continue to be compensated with better basic pay, he has to continue to upgrade his skillsets. Once the employees’ market value has increased, he will be motivated to contribute more to the organization and improve productivity. Effectiveness of Job Rotation Recognition Apart from monetary rewards, job rotation has a function to motivate employees to enhance their skill knowledge and contribute more to the organization. Job rotation is systematic procedure whereby individual employee is shifted from current position or department to another in a given period of time. Employees will be multi skilled and able to support the organization when skillsets are required. When a job is less lifeless or monotonous, employees will perform better and improve productivity. Hence, employees will gain a promotion and increase their income. (Noe et al, p. 430) Effectiveness of Recognition Recognize andShow MoreRelatedâ€Å"Human Resource (Employees) Is the Most Important Asset of an Organization.1034 Words   |  5 Pagesexamples to support your answer. â€Å"Human Resource (employees) is the most important asset of an organization. Throughout the years, the importance of employee have increasingly emphasized in organizations. With todays 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. 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