Every organization, big or small, has an HR department – whether in-house or an outsourced HR Team. It is one of the most testing departments of a company. Their job is not easy at all. They have to sift through a lot of documents, trying to pick the right candidates for a position and then making the organization work like a well-oiled machine. Still, they do not get appreciated for the amount of effort they put in. Yes we are with you here 🙂
After the last big recession, the HR department has become more empathetic towards employees and they are working extra hard to use the human capital that is available to them. Most organizations have realized the importance of this human capital and the impact it can have on the growth of the business. It is by far the most important asset in the company. If the human resource management is not proper, then there are chances that an enterprise may entirely collapse.
That is the sole reason each and every business conglomerate invests heavily in hiring the right people and motivating them enough so as to keep the business running without any bottlenecks. Human resource is the most important determinant of an organization’s efficiency. Even companies with the most automation require human intervention at some point. Without this, they cannot function properly and generate the targeted revenue.
Even though human capital may not appear on any balance sheet, it certainly is the most valuable chunk in the organization. Managing employees in an efficient manner may be the difference-maker between an organization and its competition and the difference between winning and losing in the competitive marketplace.