Human Resources Are The Life Blood Of An Organization. Human resources (HR) are considered as the lifeblood for any organization because it keeps them alive and helps to flourish. According to Becker and Husield (1998), human resource is one of the sources of competitive advantage for any business. Values, attitudes, opinion, and behavior which form these resources, have an impact on employee performance.
The management is also striving to raise its current and future leaders to create better employee performance culture which valued our norms and further variety within the organization.
As per the reference of “Unilever’s annual report, 2013, there has a notable statement about HR, which is ″Our organization has structured HR policies which make the working environment fit to improve the employee performance to capture the fast-growing change and demand and it?
“Our organization ambition. We know that HR Practices have a good impact on the organization and engage organizations is an efficient way and good employee performance has the power to passionate and advocate for our brands and products, with the help of the HR department’s strong strategy Unilever? “
“Managerial structure becomes stronger. And its range of brands is more competitive. In the last five years, the Turnover ratio is around10 billion and shareholders have getting uncertainly profit at Unilever, with a 98% cumulative Total Shareholder Return (TSR).”
Management of people and management of risk are two key challenges facing by any organization. Efficient risk management may not be possible without efficient and skilled manpower. Most of the industry is facing an acute shortage of skilled manpower. Human resources are becoming scarce both in quality and quantity.
Not every company understands the importance or the need for a human resource department in their organization. Human resource professionals are the lifeblood of any company because their major job is to ensure that the company gets the most out of its employees.
8 Reasons HR (Human Resource) is important to an Organization
Human Resource is crucial to the organization in myriad areas that range from strategic planning to the company image. Below are listed some of the major 8 reasons that clearly demonstrate the importance of HR to an organization as:
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Strategic Management
The HR’s improves the company’s bottom line with its knowledge of how capital affects the success of an organization.
Wages & Salaries
HR compensation specialist usually develops the realistic structure of compensation which sets the company wages with other businesses in the area, same industry, or the organizations that are competing for employees with similar skills.
Analyzing Benefits
HR’s can decrease the company’s cost that is associated with turnover, attrition, and hiring replacement workers.
Safety & Risk Management
The employers have the obligation to provide a safe working condition. The workplace safety and risk management specialist from the human resource area can manage compliance.
Minimizing Liability Issues
Human Resource relations specialists reduce the exposure and the liability that is related to the allegations of unfair employment practices in the organization.
Training & Development
Human resource training and development specialist coordinates with the new employee’s orientation, and the most important step in forging a strong employer-employee relationship.
Recruitment & Onboarding
Human resource manages the employment process from screening resumes to the scheduling of the interview processing, new employees.
It is usually seen that the HR team has become more of an advocate for employees. In a time where the spotlight is well and truly shining on company culture, it is more essential than ever that the employees have the voice and that their experiences and the concerns are the sought out and listened to more in any organization.
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