The Value Of Human Resources - 1780 Words

Introduction The importance of human resources over the last decade or so has received immense attention. From a macro-level, endogenous theories of growth have recommended that the accumulation of what is also referred to as human capital constitutes the core engine of the growth of macro-economics. On the micro-economic side, resource-based theory looks at the human capital that employees provide as a primary cradle for competitive advantage for companies. Nonetheless, as a result of the growing importance of human capital and which is largely related to information and communication technologies’ growth, modern western economic are today describes as being knowledge-based economies (Proefschrift, 2003, p.1). Human resources has also had its share of criticism. With resources being at the core of organizations, weaknesses emerge in that the possibility to adapt human resources strategies is largely limited. There becomes the risk of competition between programs or departments for human resources, making human resources as a role become diluted (Talwar, 2006, p. 137). The Value of Human Resources Departments as a Strategic Partner Many senior leaders do not understand the potential value that HR departments can contribute to their organizations. It is vital for these senior leaders to view the human resource departments in their organizations as a strategic partner. In as much as many human resources functions have in the recent past started to play a strategic part in theShow MoreRelatedThe Value Of Human Resources2362 Words   |  10 PagesThe Value of Human Resources Many companies are comprised of various departments within, all responsible for their own particular area of expertise. For instance, the individuals that make up Accounts Payable is responsible for ensuring that the â€Å"bills† get paid, Accounts Receivable is responsible for collecting money, etc. One of the departments that seems to at times get slightly overlooked is the Human Resources department, which is odd given the important and valuable role that the individualsRead MoreA Human Resources Value Analysis1398 Words   |  6 PagesA Human Resources Value Analysis of Canada’s Top 100 Employers, Best Employers in Canada, and The Queen’s Competition This human resources study will recommend two of the largest promotional competitions for business rankings found in Canada’s Top 100 Employers and Best Employers in Canada. These competitions define the most efficient workplace environment, which produce the most productive and efficient corporate communities. The one important aspect of Canada’s Top 100 Employers defines the mostRead MoreTeamwork And The Value Of Human Resources1350 Words   |  6 Pagesproject I have taken away several key lessons on both teamwork and the value of human resources. My team established a rhythm and stayed consistent and through this everyone on our team was held accountable for meeting deadlines. In this way, teamwork is valuable because it prevents procrastination. Teamwork also builds comradery and strengthens culture. Prior to taking this course, I had very limited knowledge on the business value of the HR function. This project taught me that the HR function helpsRead MoreCreatin g Value With Metrics For Human Resources1815 Words   |  8 PagesCreating Value with Metrics Traditional approaches to human resources metrics have proven to be inadequate. Businesses have been measuring and reporting on the same data for the last two decades or more, i.e., turnover rates, costs per hire, FTE, and total compensation, but still have â€Å"an inability to directly measure HR’s impact on the bottom line† (DiBernardino, 2011, p. 45). With advances in technology, the rudimentary evaluation of metrics can be expanded to more broad categories, and acrossRead MoreThe Value of Human Resources for Companies Essay672 Words   |  3 Pages The strategic value of Human Resources is only gaining significantly and HRIS must support this trend to provide the high functionality and usability. Today, most of the companies make use of some form of HR system for many of the HR functions. With an HRIS, companies can align HR strategy with business objectives to get the most of out of their workforces and adapt quickly to market changes. A good vendor should share advice and best practices to help maximize a system. However, there may beRead MoreHuman resource practice enhance value chain1160 Words   |  5 PagesHow might exemplary human resource practice enhance and strengthen a firms value chain activities? 1. Definition of Value Chain The value chain is a systematic approach to examining the development of competitive advantage. It was created by M. E. Porter in his book, Competitive Advantage (1980). The organization is split into primary activities and support activities. Primary Activities include: Inbound Logistics, Operations, Outbound Logistics, Marketing Sales, and Service. Support ActivitiesRead MoreHuman Resource Management : An Organization Mission, Vision, And Values2926 Words   |  12 Pagesimportant goal as a generalist is to help HR management to understand how global business operations works with hiring overseas. The challenges of human resources management and the factors to consider when evaluating the essences of Human Resources Management (HRM). Strategies in Human Resources planning of an organization Mission, Vision, and Values. However, training and development competency assessment for a managerial position and evaluating the four criterion of a training programs. The performanceRead Mor eHuman Resource Management And Human Resources1243 Words   |  5 Pages Human resource management Introduction As storey (2001) explains that human resource management concept is typical approach to business which quest to achieve competitive advantage through the strategic disposition of dedicated and committed human work force using array of values, culture, personnel and structural techniques. In simple word Human resource denotes to employees that help to run and drives an organisation which is also the main workforce of any organisationRead MoreHuman Resources : A Fundamental Department Of An Organization913 Words   |  4 PagesHuman Resources is a fundamental department of an organisation; this is because it focuses on the management of the personnel within the company. Human resources has been identified as ‘the source of sustainable competitive advantage and success, this is true when human resources management policies and practices are implemented with the main strategies and objectives set by the company itself. Strategic human resources management emphasises the successful ness of combining policies, strategies andRead MoreThe Value Of The Rugby Players1179 Words   |  5 PagesIn this case, it states the difference regarding accounting treatments of the value of the rugby players in the financial statements. One treatment is to take human resource accounting method to treat the rugby stars as assets in the statement of financial position. The other one is to treat them as expenses. Both methods have their own merits and drawbacks. This report aims to analysis the above two different treatments and assess whether the accounting treatment will change after analysis the AASB

Essay about The Influence of Religion on Scientific...

Religion is an intricate part of society. It has existed since the beginning of civilization and continues expanding today. This physical organization of personal beliefs has created wars and revolutions; nations and constitutions. In a subject as controversial as that of faith, it is often difficult to discern if it has benefitted humanity. One especially relevant issue today is religion’s influence on science. Throughout history, it is evident that religious movements have occasionally impeded scientific discovery; however, there is also evidence that scientific progression has been aided by religious ideology. By examining both the negative and positive roles religion has played in history, modern times, and the overall area of†¦show more content†¦Science cannot advance if people cannot discover. Conversely, one can infer from the perspective of Galileo that religion encourages science. Although it was a religious faction that prevented him from sharing his discoveries, it was curiosity driven from his own personal faith that encouraged him to study the cosmos. He is not the only scientist with this reasoning. Scientists like Sir Francis Bacon, Sir Isaac Newton, Johannes Kepler and Max Planck all used religion as a basis to study the natural world. The â€Å"Father of Chemistry† Robert Boyle even wrote a book titled The Christian Virtuoso, advocating his belief that the universe was designed by a supreme creator. His thoughts can be summarized in this quote from his book: â€Å"And the more wonderful things he discovers in the Works of Nature, the more auxiliary Proofs he meets with to establish and enforce the Argument, drawn from the Universe and its Parts, to evince That there is a God†¦Ã¢â‚¬  This type of ideology indicates that religion as a whole does not discourage discovery, but actually encourages it. It could also be concluded that it was narrow-mindedness of the Catholic Church toward one ideal that hurt scientific advancement. Religion still influences science in modern times. For example, the subject of creation versus evolution has become a point of controversy in the area of education (which is the foundation of science). To give someShow MoreRelatedThe Scientific Revolution and Its Impact1291 Words   |  5 Pages Throughout the Scientific Revolution, scientists and natural philosophers created a new scientific world by questioning popular ideas and constructing original models. During the 1500s and 1600s, the concept of individualism, the principle of being independent and self-reliant, began to be applied to one’s life. People began to have individual thoughts and started to disagree with commonly believed ideas promoted by the Church. As this way of thinking expanded throughout Europe, scientists lookedRead MoreTheories On The Existence Of Religion1058 Words   |  5 PagesRemi Gleich Moen 4063 December 15th, 2016 Theories on the Existence of Religion When an idea forms and flourishes into an existing discussion that travels through conversations among acquaintances, that idea progresses and solidifies into the minds of the curious thinkers. These â€Å"thinkers†, or theorists, then mold this idea into a hypothesis for experimentation. Unfortunately, even in modern times, some things are still unable to be experimented and proven correct or incorrect. This leaves usRead MoreA Brief Biography of Sir Francis Bacon Essay1409 Words   |  6 Pagesindustrial age, and his theories had a major influence on 17th-century European science. Francis Bacon’s opinion on the correlation between religion and science, his way of thinking towards reason and experience, and his views and impacts on the importance of education were his main contributions towards humanity and the theories of philosophy. Francis Bacon sought to idealize the connection amongst scientific thinking and religious values. Bacon’s The Advancement of Learning helped to convince religiousRead MoreMoral Arc Opinion By Shermer Essay1119 Words   |  5 Pageswhen the decrease in religion occurs, that there will be an opposite increase in rationality and morality. From my understanding, rationality and morality do not go hand in hand. As a child, I was looked after by family members that were very religious and militaristic. Having such a high sense in religion, it set the pace for their actions. Their belief in a higher power altered their personalities and perceptions of reality. 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Puritan society believed strongly in myth, magic, and religious superstitions that was immensely used by the Puritans before democracy, capitalism, and the scientific revolution gave rise from the EnlightenmentRead MoreThe Medieval period started at the fifth century and end around the fourteenth century. Many900 Words   |  4 Pageschurch became very powerful and dictated peoples live through religion. During this time period, Kings and Queens while working alongside Christianity, gave society the worldview of feudalism. Due to f eudalism and fear of sinning against the church, human civilization had hit a roadblock and made no new discoveries in scientific advancements and technology. Humanism broke most of the chains from the medieval period regarding church influences on works of art and literature. Through the church’s dictatorshipRead MoreSummary And Critique Of Bush s Arguments1437 Words   |  6 PagesSouthern Baptist Theological Seminary, presents a worldview labelled â€Å"the advancement†, a naturalistic evolutionary view that better describes the philosophical era through which we are passing (ix). The author describes the origin and consequences of naturalistic philosophy over a theistic worldview and challenges Christians to defend and protect their religious rights (4). Bush presents how advancement has been detrimental to religion throughout history and points out the flaws of naturalism, classifyingRead MoreThe Impact of the Scientific Revolution Upon the Enlightenment 975 Words   |  4 Pagesintellectual changes in Europe that had resulted from the scientific revolution during the sixteenth and seventeenth century. The scientific revolution and the discoveries made about the natural world would ultimately challenge the way people perceived the worl d around them. Scientist found real answers, by questioning flawed ancient beliefs that were widely held and maintained by the church. Ultimately, these discoveries and scientific advancements would evolve and effect social, cultural, and politicalRead MoreThe Ethical Implications Of Embryonic Stem Cell Therapy1399 Words   |  6 Pages The advancement of embryonic stem cell therapies and transplants has drastically changed the realm of medical research. However, the use of human embryos is an ethical concern among researchers around the world. There are several benefits for embryonic stem cells therapy. Embryonic stem cells are beneficial to researchers due to their unique ability to replicate themselves and make specialized cells for any tissue in the body. These cells serve as a potential to cure various diseases and disabilities

Management of Organization TESCO

Question: Discuss about theManagement of Organizationfor TESCO. Answer: Introduction: Employees are one of the most significant parts for achieving the success of any organization. Maintaining superior quality of products and providing fruitful services to the customers are highly dependent on employee performance. It has been observed that a large number of business organizations tend to show their biased attitude while recruiting employees towards business process. Biased attitude may imply in terms of gender biasness or cultural and religious biasness. However, this particular study focuses to evaluate the importance of diverse workforce at the organization. Various types of diversity management strategy have also been focused to be presented in this specific study. Brief Overview of the Organization: TESCO is primarily popular for one of the most recognizable supermarket holding a prestigious position in the realm of retail industry. This particular organization has expanded their business in the market of Singapore as well to deliver their products and services to the customers of Singapore. Grocery and general merchandise is the core product of TESCO. Under the chief leadership of Dave Lewis, this particular organization has already created a demand in the market of Singapore even due to its excellent customer service system. Affordable price range is one of the most effective reasons due to which this particular organization has already drawn the attention of global customers. Around 476,000 employees are intimately associated within the business process of TESCO (tesco.com 2017). TESCO Plc is possessed with around 26,000 employees. Cultural diversity is one of the most important factors due to which the business process of this organization had reached to the international ma rket. Before achieving the stature of global recognition, this particular organization has to implement some major strategies and policies on diversity management for recruiting the skillful and competent employees within business. The establishment of business process of TESCO is endowed with multinational countries. Therefore, the business experts are flexible enough to recruit the people of different religious and cultural backgrounds. As per the human resource management policy, it has been observed that people are recruited within the organization as per their talent, skill and academic background. Gender inequity and cultural biasness prevents a business organization from being globally recognized. Therefore, the business experts of TESCO have decided to maintain equality among the employees. Characteristics of Workforce and Types of Diversity at the Workplace: TESCO while recruiting an individual employee at the workplace primarily focuses to have three major characteristics within the workforce. The first and foremost characteristics that TESCO intends to focus while recruiting an employee is skill of adoptability. While working with the people of different cultures and backgrounds, an individual employee has to face innumerable challenges at workplace (Lauring 2013). Therefore, every individual employee should have the capability of adopt any kind of culture. Academic skill is one of the most significant factors that the business experts of TESCO tend to make a major concern while recruiting an employee. For an example, before providing the post of finance executive, the human resource manager intends to give the scope to that individual who is having a management degree in finance (Nielsen and Nielsen 2013). At last, TESCO likes to appoint those employees who are having an excellent management skill to overcome any kind of sudden barrie r or challenge. This particular organization is constituted with three major types of diversity at their workplace that includes age diversity, Religious diversity and cultural diversity. AS per the policy of HR manager, the young fresh candidates are appointed as junior. Most of the young candidates are having minimum experience (Barak 2016). As a result, the business experts do not provide them to hold the position of seniors. On the other hand, the management policy of TESCO implies that senior employees should be promoted for the post of manager after having more than ten years experience. It is undeniable that people from various religious backgrounds are firmly associated with the business process of TESCO. The primary objective of HR manager is to concentrate on the capability of employees rather than showing their religious backgrounds (Klein, Becker and Meyer 2012). Like the same way, people of various cultures are also appointed within the business process TESCO. As a result, before formin g business strategy and policy the business managers get the scope to receive collective decision from the employees of many religious and cultural attitudes. Types of Diversity Management Strategy Implemented at the Workplace: Implementation of diversity management at the workplace is highly important to gain international image and reputation for a business organization. In order to achieve recognition in the global market, TESCO business experts have decided to follow diversity management at the workplace so that applicants from various backgrounds can apply for several posts within the organization. At the same time, diversity management enables the business experts to provide equal priority and response to both male and female employees (Gotsis and Kortezi 2013). However, in order to implement diversity management at the workplace, TESCO business experts have to follow some necessary strategy at the workplace. Providing equal reorganization and dignity to all employees is one of the most effective strategies. Employees should be judged as per their talents and skills rather than their psychological and cultural attitudes (Al Ariss, Cascio and Paauwe 2014). Fairness is another strategy of maintaining di versity management at the workplace. Business managers should treat every individual employee at the workplace with equal respect. Therefore, employees also would like to show their gratitude towards organizational service process. The foremost strategy of implementing diversity management at the workplace of TESCO includes employee assessment (Hislop 2013). The HR managers like to recruit the employees by taking an assessment rather than entertaining any special recommendation on behalf of old employees. Therefore, skillful and talented employees get opportunity to excel their competencies. Conclusion: The entire study focuses to deal with the various aspects of diversity management within the business organization. Diversity at the workplace is highly important with the help of which people from different cultures and religions get scope to show their skills as well as competencies. This specific study highlights the various types of diversities at has been implemented at the workplace of TESCO Singapore. At the same time, the study depicts numerous diversity management strategies and policies applied within the organization. Reference List: Al Ariss, A., Cascio, W.F. and Paauwe, J., 2014. Talent management: Current theories and future research directions.Journal of World Business,49(2), pp.173-179. Barak, M.E.M., 2016.Managing diversity: Toward a globally inclusive workplace. Sage Publications. Gotsis, G. and Kortezi, Z., 2013. Ethical paradigms as potential foundations of diversity management initiatives in business organizations.Journal of Organizational Change Management,26(6), pp.948-976. Hislop, D., 2013.Knowledge management in organizations: A critical introduction. Oxford University Press. Klein, H.J., Becker, T.E. and Meyer, J.P. eds., 2012.Commitment in organizations: Accumulated wisdom and new directions. Routledge. Lauring, J., 2013. International diversity management: Global ideals and local responses.British Journal of Management,24(2), pp.211-224. Nielsen, B.B. and Nielsen, S., 2013. Top management team nationality diversity and firm performance: A multilevel study.Strategic Management Journal,34(3), pp.373-382. Tesco.com. 2017.Tesco | Online Groceries, Homeware, Electricals Clothing. [online] Available at: https://www.tesco.com [Accessed 26 Feb. 2017].