Human resources are the main intangible assets of a business

Everyone, even a beginner, an entrepreneur should know that human resources are the main capital of his business. But how can they affect the success of a firm?

Human resources is a comprehensively understood term that characterizes people, their abilities and capabilities, their contribution, labor and potential

human resources is
force in relation to a commercial or non-commercial enterprise or organization. Whatever the equipment of the company, no matter how much the businessman invests in equipment or goods, if there are no competent workers who will manage material wealth, then there will be no development. Everything can soon become worthless, collapse, disappear. Human resources are the source of change, productivity, profit in the end. You can give an analogy of an abandoned mansion. As long as there are staff, residents, guests - the place lives, brings income. But if there is not a single soul in it, even the most durable walls will begin to collapse from time, atmospheric conditions, physical forces.

No business exists outside of people. Human resources are

human resource management system
necessary condition for the development of the enterprise. The success of the company, and sometimes the whole industry, depends on how well they are selected and used. The human resources management system should be built in accordance with the latest achievements in psychology, management and knowledge about productivity. We all know examples of companies where people do not stay long. Either a low salary, or an uncomfortable work schedule, or an inconsiderate and illiterate leader - these factors cause staff turnover. What follows this? Employees begin to be dismissive, negligent in their work. They are not interested and disadvantageous to invest labor and time in the activities of such an enterprise that does not value them. As a result, the entrepreneur is forced to spend significant funds on the search and training of new personnel, who (if the use of human resources does not become more meaningful and rational) will soon leave the company, will move to competitors.

Competent personnel management is based on respect for

use of human resources
abilities and needs of workers. Human resources are an intangible asset, but without it it is impossible to develop and create a product, generate income. If the opportunities of people working at the enterprise are used wisely, if their needs — for example, in leisure, training, professional growth, and decent wages — are satisfied, you can count on their loyalty and devotion to the company. Devoting his time to manufacturing, developing new products, promoting a product, a person should feel not only his need and usefulness, but also not worry about his daily bread , that he will not be able to make ends meet.

The general rating or reputation of the company in the market depends on the personnel policy. Recall that people do not live in an isolated space, but communicate with friends, relatives, neighbors. Therefore, a wide circle of people will learn about how employees treat the company, whether they have the opportunity to develop professionally, and whether they consider their work promising. It is important that the company's image be positive in this regard.


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