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Are employees an asset to an 

organization?



Why We Need to Consider Human Resource as an Asset.

Human resources are the most important factor in achieving the goals and activities of an organization and the success or failure of an organization largely depends on the skills of the people who work in it. Organizations cannot prosper without the positive and creative contribution of people, so human resource is the most important factor in an organization (UKEssays, 2018).


The Global Context of Human Resource.

01. Unilever is a multinational company, is considered a human resource asset. The company has invested heavily in improving human resources, and last year Unilever launched the Social Impact center to help employees connect and discover new social activities (HR one, 2014).

02. Organizations like Google and Apple have come to market success through good personal management. These institutions never consider human resources as liability and are considered as human resource assets and make large investments in training employees to improve those organizations (sullivan, 2013).

03. Virgin is an employee-based company and the culture of the Virgin communicates that all employees are part of a family. Employees have the power to manage their own affairs, but companies help each other and solutions to problems often come from employees. In Virgin's Nut Shell culture, partners, interests and goals are all equally responsible for building brands such as partners (UKEssays, 2018).



 

The company I work for considers the employees to be an important asset and has worked tirelessly to motivate the employees. They offer incentives, overseas tours, bonuses and salary increments and more for the employees and provide better training to increase the productivity of the company's services and products. Co-ops consult with the employees when making decisions and allow the employees to make decisions on their own. A good environment is created for the employee to perform his duties without any issues.

 


Conclusion

As we have pointed out in the above statement, the employees is one of the principal assets of the company because the future of the company depends on the service of the employees. Employees attitudes, inventiveness, creativity, honesty, and loyalty are very important to an organization and investing money or time in employee training is very important and that investment is by no means wasted. As we can see, the most important resource an organization has is human resources. Employees are no longer considered as a liability.


References

 

HR one, 2014. HOW UNILEVER IS REACHING EXTRAORDINARY (HR) PERFORMANCE?. [Online]
Available at: https://www.hrone.lu/actualites/how-unilever-reaching-extraordinary-hr-performance
[Accessed 09 November 2020].

sullivan, J., 2013. How Google reinvented HR and drives success through people analytics. [Online]
Available at: https://www.insidehr.com.au/how-google-reinvented-hr/
[Accessed 09 November 2020].

UKEssays, 2018. Evaluation of Human Resource Management at Virgin Group. [Online]
Available at: https://www.ukessays.com/essays/business/evaluation-of-human-resource-management-at-virgin-group-business-essay.php
[Accessed 09 November 2020].

UKEssays, 2018. Human Resources as an important asset for companies. [Online]
Available at: https://www.ukessays.com/essays/business/human-resources-as-an-important-asset-for-companies-business-essay.php#:~:text=The%20human%20resources%20are%20the%20most%20important%20assets%20of%20an%20organization.&text=In%20order%20to%20achieve%20the,requisit
[Accessed 9 November 2020].

 



Comments

  1. Pasan Wijesekara9 November 2020 at 00:23

    As per the discussion done in this article it is essential to have understanding of the value of employees and it is very appriciated that good moves shown by the own industry as well.

    ReplyDelete
  2. Lakshan Ganegoda9 November 2020 at 00:54

    Very informative article. Employees are a value adding resource to any organization and with proper utilization of their skills at the right place will definetely bring results. And hence employers are now a days paying more attention on providing more benifits and develop them to become better. Most of the Apparel companies are following these practices as majority of their processes are human centralized and concider the human resource as a strategic arm.

    https://www.slideshare.net/mobile/chandikeehelamalpe/hrm-practices-in-mas-holdings

    ReplyDelete
    Replies
    1. Dhanushka Dharmasooriya9 November 2020 at 01:11

      Thank you Lakshan.

      Delete
    2. Rswan11 November 2020 at 01:57

      digital world moving very fast. so better to add after the digitization what happen to employee

      Delete
  3. Hemanthi Maheshika Abeysekara14 November 2020 at 05:43

    Though salaries, allowances, trainings counts as a liability to the company, the company's assets and profits growth based on its employees. Nowadays companies consider their employees as an 'asset' or a 'capital' rather than catagorizing them under liabilities because they understand the importance of employees. Lot of investments are done to improve their 'human capital'. Some companies give overseas trainings to improve the employee quality and standards.

    ReplyDelete
  4. M. R. M Nishak16 November 2020 at 09:36

    For the betterment of an Organization good, quality & experience employees are very much needed. HRM needs to provide good trainings, skills time to time for the employees.

    ReplyDelete
  5. Nafees18 November 2020 at 09:39

    Just like Robert Bosch the inventor of Bosch Company said "I did not pay good salaries because I have lot of money, I paid good salaries and I got rich, the employee needs to be looked after. The employer should make sure that the employee does not feel as if he is a paid slave (unfortunately, that is the case in most places).

    Just as much as importance is given to make the workplace a happy one, the employers also should make serious consideration of work life balance of their employees which is a vital part of considering employee an asset

    ReplyDelete
  6. Prasanna Munasinghe 10 December 2020 at 08:18

    There are many applications being considered.

    ReplyDelete
  7. Shiyam 11 December 2020 at 11:12

    The employer should understand that the relationship between the external customers and internal customers is symbiotic.
    Without one, they wouldn't have the other. henceforth the mantra for success for the employer is to

    "Take care of your employees who will in turn take care of your business” (Gupta, 2013).


    References
    Gupta , A., 2013. Ramco. [Online]
    Available at: https://blogs.ramco.com/employees-valuable-assets-organization-key-success
    [Accessed 11 December 2020].

    ReplyDelete
  8. TharangaN12 December 2020 at 04:57

    Employees are first cutomer and valueble assets to any organization. Hence, organzation should take care off them in proper way.

    ReplyDelete
  9. Nadun Rupasinghe12 December 2020 at 22:26

    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. In order to achieve the goals or the activities of an organization.

    ReplyDelete
  10. Muditha12 December 2020 at 23:25

    Employees are the most valuable assets an organisation has. employees can't give monetary value but for the effort, they put in to help the business earn profit. employees are adding value to the final product of the company.

    ReplyDelete
  11. Indika Mediwaka Blogs13 December 2020 at 09:00

    Employees are the key factors of an organization who drives the business towards success. Even though they have been considered as a cost in the colonial time, presently considered as an asset.

    ReplyDelete
  12. Sathiyan13 December 2020 at 09:05

    Topic speaking more than the body, well organized and exactly employees are an assets to the organizations.

    ReplyDelete
  13. Chanakaja13 December 2020 at 09:11

    The employer must know that there is a symbiotic partnership between external customers and internal customers. They wouldn't have the other one without one. Henceforth, the employer's mantra for success

    ReplyDelete
  14. PALITHA13 December 2020 at 09:13

    I agree with your statement and same time when you look in this employee eccentric organisation in marketing point of view .i fell that they building there brand as a organization among the society or target marker using the employee ,the people how work fro the company are the best communicators for organization ,they try to build that ,we are more employee eccentric organizations and build the emotional bond with target group. you can see above 03 company you mention those 03 company's are doing business in all around world with different ethnic group .when that kind of business models run this kind of a good will more help them to run there business well in the world.

    ReplyDelete

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