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Answer:

Human resources is important because:

Human resources is important as it makes use of the unused resources in the country.

• Without well developed human resources, natural resources and new opportunities will not get trapped in the economy.

Human resources are developed by providing proper education and taking care of the health facilities of the people.

• The human resource will then be an asset to the economy. Otherwise high population with illiteracy and ill health would be a liability.

Learn more about Human Resources:

Personality plus a human resource management group is organising a personality development camp for students of class 8. as gautam/ gagatri head boy / head girl of arya senior secondary school, ludhiana, write a notice is about 50 words

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Why is human resource the most important resource? what are the steps to be taken to improve the quality of it?

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Answer:

See the explanation.

Explanation:

Since the start of the industrial age in the 1760s, when the current trade system emerged, there has been a focus on expanding production by putting in more resources. In his book "Wealth of Nations," Adam Smith introduced the ideas of job specialization and skill development through education. Human labor was seen as merely another component of production, alongside land and capital, for almost 150 years of thinking and practice.  However, the notion was disproved when an industrial researcher by the name of Elton Mayo developed ground-breaking ideas in response to a well-known "Hawthorne Experiment." His research between 1924 and 1927 on tens of thousands of "Western Electric" employees in the USA provided insights into the demands of the labor force, which if properly met would result in improved production. The desire for security, belonging, and acknowledgment are more important factors in determining a worker's morale and productivity than the actual environment in which he works or the equipment he uses. The inference made was that "a company's most valuable asset is its human personnel." Thus, in a manufacturing setting, people proved to be significantly more valuable, and their effective participation might provide the key to helping businesses develop a competitive advantage. This also applies to the service industry. After "World War 2," the service industry has expanded. Over 50% of the GDP in industrialized countries was made up of services. The service industry stood out for its reliance on customization and need for highly skilled workers. This led to the hiring of the best candidates who were seen to be "job ready" rather than merely "job fit." A specialized team of experts was established for these activities that could identify the best candidates for the essential positions. This group was known as "Human Resource Management," or HRM. HRM eventually expands well beyond recruiting. Important responsibilities like talent transformation, performance evaluation, performance development, and training swiftly developed into "People-Champs" specialties. There were more instances of conflicts and disagreements as a result of increased interactions between individuals working for different organizations. HR was thought to step in and manage issues or mediate problems. The transformation of the workplace is the newest trend in HRM. This implies that workplace design will be influenced by the goal for innovation and collaboration in addition to taking into account the informality, flexibility, and sociability demands of the workforce. Although technology may be the tool, the end result will be to create a setting where individuals from different backgrounds and skill sets can meet and collaborate.HR becomes essential for creating a successful combination with the greatest resource capabilities of any organization for all the reasons listed above. The HR team designs, implements, evaluates, and improves the best management practices in order to gain a competitive advantage over rivals. HRM, in example, entails effectively managing responsibilities related to human resources as well as putting HR strategies into practice to ensure that the business can keep on top of trends. HRM is unquestionably crucial for every firm. No business can attract and retain staff, increase profits, and create a pleasant workplace without HRM. Simply said, effective management of human resources promotes the expansion & success of enterprises.

The use of HRM has a number of advantages. Here are a few of them:

  • Recruit the top talent available.
  • increases responsibility, enhances onboarding, and staff retention
  • No difficulties with noncompliance
  • increased productivity and staff engagement
  • And the list goes on.

Similar to a boat without a rudder is a business without human resources management!

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