why are human resource are important
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Answer:
Human resources are important because nation's development is mostly depended upon human resources which include human skill, technology, thinking and knowledge, that leads to a nation's power. Only human skill and technology change the natural substances into a valuable resource.
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Why is human resources (HR) important?
Why is human resources (HR) important?
5 min read | 3 January, 2019 By Sarah Benstead
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Your people are your greatest resource. One way to be sure your business will succeed is to look after your employees.
Treat your employees fairly and provide them with opportunities to grow, and in return they'll help you to achieve your ideas and hit your business goals. And of this is all down to HR.
What exactly is human resources?
Human resources (HR) is the umbrella term used to describe the management and development of employees in an organisation. Ultimately, it’s all about increasing employee performance.
Traditionally, HR focused on hiring, firing and the old-school annual pay review. More recently, HR has been positively reframed, covering a much wider remit.
Basic functions of HR include:
Recruitment
Onboarding
Managing payroll
Employee benefits
Holiday management
Training and development
Employment law compliance
Safety compliance
In addition, HR today plays a significant role in developing positive business culture and improving employee engagement and productivity, both of which are critical to business success.
Employee wellness and personal development are also increasingly recognised as essential aspects of HR.
Why is HR so important?
In small businesses, HR is easily overlooked. Many entrepreneurs get their businesses off to a flying start, but grapple with people management as the business starts to flourish. Managing staff takes time and it requires specific skills. HR is an area of expertise many business owners lack.
Regardless of skills, the value of HR in business isn’t always immediately apparent. With just a few employees, business leaders feel like they have their finger on the pulse when it comes to the people they hire and manage.
But as a business grows, leaders often find there just isn’t time to deal with day-to-day people management and recruitment and the focus on people can easily get lost. This is the costliest mistake a small business can make. Comprehensive HR is crucial for success. Without a talented team, your business falls down.
HR covers so much more than hiring, firing and pay reviews. It encompasses all aspects of people management, communication and is pivotal in building a positive culture. Get HR right and you are half way to making your business dreams a reality.
Consider the consequences of poor HR. When employees don’t feel supported, aren’t being given opportunities, work long hours, and so on, their motivation to perform is impacted. Under-deliver on effective HR and it has a knock-on effect on your bottom line. People, culture and business success go hand-in-hand.
Reputation as an employer is influential in attracting talent. It also impacts on customers. Take Uber as an example – plagued by a string of HR catastrophes from sexual harassment cases to ignoring employee complaints, the resulting bad publicity has undoubtedly deterred many from working there or from using their ride-sharing services. Bad HR has destroyed Uber’s employer brand.
HR means human resources
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