The Aspects of Development in Human Resource Management

Scholarly Essay from the year 2011 in the subject Business economics - Personnel and Organisation, grade: B, Atlantic International University (BUSINESS MANAGEMENT AND ECONOMICS), course: REGIONAL DEVELOPMENT., language: English, abstract: The way forward for the economies is saving and investment. Resources must be put aside and injected into productive enterprises to create more wealth. Once an entrepreneur has set up his businesses, human resource should be well mobilised and well utilised to get the best out of it. Skilled ,trained and motivated labour is one sure way of making firms develop a competitive advantage. Products of a growing firm should be able to compete on the world market. These firms need support from governments and international community to develop capacity to improve human resource management. Other factors of production have no ability to produce without being managed by labour. Labour has an important role of combining other factors of production in appropriate proportions to have maximum production out of them. To do the important role of organising other factors of production, a lot needs to be done in regard to their training for applicable skills, coaching and development, recruitment, and motivation so that maximum capacity of this labour is achieved to do the work. Focus is needed on performance management of the workers ensuring their safety and security and their motivation. This adds on their value to yield effectively towards the organisation's objectives. Effective communication and proper supervision adds a lot to human resource performance.