Human Resource

Topics: Management, Human resource management, Motivation Pages: 9 (1631 words) Published: August 11, 2014

Assignment Submission Form

Please complete and attach this form to your assignment. All assignments must be submitted on the stipulated submission date. Please add a “” into appropriate box to indicate your assignment type.

 Assignment 1 /  Assignment 2

Program / Intake : BSc43


Student Name:

Student Number:
Module name:
Module code:



I hereby declare that the attached assignment is my own work. I understand that if I am suspected of plagiarism or another form of cheating, my work will be referred to the Academic Registrar/ or the Board of Examiners, which may result in me being expelled from the program.

Student signature: AARON Date Submitted: 1 JUN 2013­

National University of Ireland, Dublin

Bachelor of Science (MGT)
Intake 43

Modulename:Human Resource Management

Module Code:HRM2001S

Lecturer:Mr. Chang Chen Sheng

Assignment type:Assignment 1

Submitted by:Aaron Philip

Student Number:12259723

Word Count:1043

Submission Date:1 Jun 2013

1. Introduction

For an organization to be successful or competitive, there are few factors which are vital. Strong branding, a good product, competitive pricing and advanced technology are some of the factors which helps in the sustainability of an organisation. However, these factors will amount to nothing without human resource. Manpower contributes to work productivity and is also responsible for the economical turnover of the organisation. Human resource refers to all employees, from upper management down to the front line employees of an organization. Each and every employee in an organization plays a vital role. Employees possess the skills, knowledge and experience required for the job. This is known as the Human Capital and cannot be replaced by machines (Hargreaves and Jarvis, 1998). This report aims to further explain why human resource is the most important asset of an organization.

2. Factors why human resource is important in an organization In the past, businesses view tangible asset most important in an organization. They believed that goods and inventories would bring in sales leading to a profitable organization. Human resource is often viewed as a cost to be reduced during an economic downturn. This causes a decline in employment for companies to cut cost. (Hallock, et al., 2011). Human resource has rarely been considered a source of value creation. Hamel and Prahalad (1994) termed this as the “numerator management”.

To be competitive, an organisation needs to continuously improve on innovating their products and processes to cater to customer’s and investor’s demands. It can be clearly seen that organisations are shifting their focus rapidly towards human factors to achieve organizational success, increase productivity and profitability. Efficient use of human resource helps to create sustainable competitive advantage. Organisations deliver good customer service as a strategy to differentiate themselves in the market. Providing good and efficient customer service by front line or service staff not only reduces the number of complaints but also promotes customer loyalty which results in increased profits. Furthermore, many survey results have shown that a happy customer will bring in more customers by sharing positive experience via word of mouth to friends and family. This can be considered as free advertising for the company. Singapore Airlines is an organization that focuses on its employees to deliver excellent customer service. For Singapore Airlines, people are the primary link in the value chain. This value is created by focusing first on its employees. Employees are treated right and...

References: Becker, B. (1996), ‘The Impact of Human Resource Management On Organizational Performance: Progress and Prospects’, Academy of Management Journal, 39: 779-801
Boudreau, J.W
Hargreaves, P., & Jarvis P. (1998): The human resource development handbook. London: Kopan page.
Noe, R. A., Hollenbeck, J. R., Gerhart, B., & Wright, P. M. (2012): Human Resource Management: Gaining a Competitive Advantage, 7th edition, New York: McGraw-Hill Irwin.
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Human resource is the most important asset for an organisation. Essay
  • Pestle Impact on Human Resource Essay
  • Fundamentals of Human Resource Management Essay
  • Literature Review of Human Resource Management, theory versus practice Essay
  • Essay about Human Resource
  • Importance of Human Capital Essay
  • Human Resource Management Essay
  • Essay on Strategy & Human Resources

Become a StudyMode Member

Sign Up - It's Free