Assessment and Development of Human Resources Practice in Business Organization

Authors

  • Godwin Olai Ph.D.

Abstract

The effective and efficient use of limited resources calls for a skilled and competent workforce, among others. If an organization is to have a skilled and competent workforce, it must have effective Human Resource Development (HRD) programs (Mathis et al., 2014; Noe et al., 2015; Blanchard & Thacker, 2013; Werner and DeSimone, 2011). According to Casio and Aguinis (2011), the quality of a nation’s workforce is a crucial determinant of its ability to successfully compete in a global market. Human Resource Management (HRM) underscores a belief that people truly make a significant difference; only people among other resources have the capacity to generate value. Human resources can be sources for sustained competition. Mathis et al. (2014) further contend that “Human assets are the “glue‟ that holds all the other assets together and guides their use to achieve results. Human resource (HR) practices are the direct investments on employees‟ human capital through which firms achieve competitive advantage and employees enhance their human capital (Birasnav & Rangnekar, 2009).

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Published

2024-01-07

How to Cite

Olai Ph.D., G. (2024). Assessment and Development of Human Resources Practice in Business Organization. BW Academic Journal, 11. Retrieved from https://bwjournal.org/index.php/bsjournal/article/view/1723