Human Resource Is the Most Important Asset of an Organization

Human Resource Is The Most Important Asset of An Organization Assets, defined as a ‘valuable thing’ by Oxford Dictionaries, are key success determinants of any organization. The perception of value in an organization, brand or product, merits customer adoption while supplementing organizational goals that could, in the long term, determine financial sustainability and success of a company. The idea that human resources, employees across all levels of an organization, as the most important asset is increasingly staking its claim in the 21st century business landscape. The business environment has continually, in the past and present, shaped the way in which countries are governed, how companies strategize and the way economies shift.†¦show more content†¦Such factors have raised the stock on human assets. Besides financial investments in attracting talents, companies will also need to invest in training and development of these talents along with ensuring proper retention policies are in placed so as not to lose both human and financial invested capital in the long term. Human Assets Across Corporate Structures One could argue that such emphasis placed on human resource assets are only applied to top managerial positions or decision makers within an organization. However, from a structural point of view, corporate brand and identity are influenced across all levels of hierarchy. With globalization and technology, product substitutes are easily found online or offline. Therefore, it is important that consumers’ interaction with an organization throughout their adoption process is perceived as a conclusive pitch. From production, frontline, service workers to top-tier management, the corporate identity has to remain intact in order to achieve effective top of mind recall. Others may argue that the importance of human assets across all corporate structures do not apply to undeveloped or developing countries that do not adopt a knowledge-based economic system. In such cases, consideration of the current global climate could present a suitable argument. Current Economic Climate The economic recession of 2008 has propelled the importance on Human Assets on a global scale. ReducedShow MoreRelatedHuman Resource Is the Most Important Asset of an Organization1180 Words   |  5 PagesNowadays many organizations like to emphasize on gaining a competitive advantage in the market. The advance equipments, new technology, good marketing strategic, excellent customer services and many other elements can be the factors to build up for the advantages. However, human resource is still the most important element to determining the success or failure of an organization. Without their support, the organization daily business function will not be done well and ready. 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