Question

In your opinion, how important is Human Resources to a business? List and discuss at least four things that Human Resources is responsible for.

Answer 1

A well known Management Guru once said that you can take my machinery, you can pledge my assets, you can take over my factory but just leave my Human resource behind and I shall raise a Business estate again. Well, such is the power of the Human Resources. Machines can only assist people but cannot take over the people. Business strategies help a Business entity to achieve the goals through definite plans in line with the mission and vision statements but the strategies are meticulously planned by the wisdom of the Human resource. Artificial intelligence has still got a long way to go to replace the invaluable human assets. It is hence the collective power of the Human resources based on which a success or the failure of a Business is largely dependent upon. Therefore the understanding of human behavior at work is the single most important skill that an Entrepreneur can possess in order to ensure that the work undertaken is accomplished successfully by aptly dealing with this form of resource. It is to be further noted that where machines fail, human resource brains take over the show. Hence, if one can handle this resource well and if the human relations in a given set up is respected and taken care of, only then can we brag about the success of an Enterprise otherwise, the failure of the same is almost certain. None leaders can work in isolation. They need a team or a group of followers to work with. That is how precisely, even an empire is raised. Thus, this is how human resource department support the Organizational structure of any Business.

They train the employees and make them more competent to achieve the Organizational goals. They select the prospective candidate that possess the knowledge and potentiality to learn more within the Organization in order to ensure the success of the Organization. Human resources Department role across all the levels of management within the Organization is essential and the certain roles vary across all the levels of the management, based upon the level of training or interference actively required in them to keep the levels efficient at all times. Hence it is important to a business. It is responsible for training the employees so that they work to their maximum potential in the Business Organization. It is further responsible for their salary and wages. Appropriate designing of the compensation packages are essential to keep the employees engaged with the Organization. It is further responsible to plan the career path of the employees such as planning the promotions of the employees, transfers to suitable business locations, etc. so that the employees find a reason to be motivated in the job. It Is also responsible for the Performance appraisal activities. If the performance of the employees are not assessed and feedback process is not in place, then it shall be difficult to monitor the concerns of the employees’ performances in the Organization. Performance appraisal is hence required so that the performances of the employees in line with the Organization’s standards and that of the Entrepreneurs.