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In this fast moving day and age, organizations place emphasis on having that
competitive advantage above all others in the market. The important
elements that contribute to this added advantage stem from technology,
marketing strategy, excellent customer service and many more. However,
human resource is still the most important element/asset in an organization
that links back and is the core to those elements mentioned. The success or
failure of an organization is largely dependent on the calibre of the people
working therein.
able to address and grow future talent as well as develop the inherent
capacities of each individual. Armstrong and Baron (2002) states that the
many organizations are recognizing the fact the it is the people coupled with
their individual skills, knowledge and experience that play a significant part in
the involvement of providing organizations with the competitive advantage as
well as growth and success. Organizations today are now focusing on the
human factor to provide insight and contributions to improve productivity.
Consecutively, one of the key roles of an organization is strategic human
resource management. In reference to Purcell et al (2003), HRM practices
include the following:
Talent management
Working
environment
core
values,
managing
diversity,
High-performance management
Reward management
What we can see clearly is that it boils down to people human resource
which is the asset and backbone that drives the goals and directions of each
organization. Moreover, all aspects above point to facts that show how
without a doubt, human resource is associated in generating performance
outcomes.
and
strategic
requirements
of
an
organization
will
increase
an
environment
which
encourages
and
recognizes
high
Conclusion
Each organization is dependent on various levels ranging from operations,
sales, marketing, accounts to management and so on to fully function. It is
clear that an organizations human resources play a major part in having a
competitive advantage. Therefore, it is the organizations responsibility to
produce a framework which encompasses a learning culture within the
organization. As suggested by Reynolds et al (2002), how a person gathers
new knowledge, skills and capabilities is by learning, whereas the way to
promote learning is the organizations part to carry out the necessary
training. That said, a healthy and productive work environment that
encourages growth in each individual will definitely impact an organizations
performance. Implementing the right strategic human resource development
strategies, policies and practices will in succession allow your human
resource to perform at its optimum level and ensure that the organization has
that competitive advantage. To conclude, I agree that human resource is the
most important asset in an organization.
References
Bontis, N, Dragonetti, N C, Jacobsen, K and Roos, G (1999) The knowledge
toolbox: a review of the tools available to measure and manage intangible
resources, European Management Journal, 17 (4), pp 391402
Armstrong, M and Baron, A (2002) Strategic HRM: The route to improved
business
performance,
Development
London:
Chartered
Institute
of
Personnel
and
Purcell,
J,
Kinnie,
K,
Hutchinson,
S,
Rayton,
and
Swart,
(2003) Understanding the People and Performance Link: Unlocking the black
box, London: Chartered Institute of Personnel and Development
Huselid, M A (1995) The impact of human resource management practices on
turnover, productivity and corporate financial performance, Academy of
Management Journal, 38 (3), pp 63572
Reynolds, J, Caley, L and Mason, R (2002) How Do People Learn?, London:
Chartered Institute of Personnel and Development
Bibliography
Denton, R., Goldman L., Graham, M., Reilly, C., and Twardak, M.A. (2004).
Human Resources Your Most Valuable Assets, [Internet]. Available from:
http://www.iltanet.org/WhitePaperPDFs/HumanResources.pdf
[Accessed 18 May
2014].
Upson, M. (2011). What is Strategic Human Resource Management?
[Internet]
Available
from:
http://www.wisegeek.com/what-is-strategic-human-
Available
from:
http://www.academia.edu/1147775/HUMAN_CAPITAL_IS_AN_INPORTANT_FACTO
R_FOR_THE_SUCCESS_OF_AN_ORGANISATION [Accessed 20 May 2014]
Adelman, F. and Leo C.P. (2011), Safeguard Your Most Important Asset
[Internet]
Available
from: