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#Balbin Bsed3 Socstud HRM C2L1

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Laurence Bernard Balbin II
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38 views5 pages

#Balbin Bsed3 Socstud HRM C2L1

Uploaded by

Laurence Bernard Balbin II
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Certificate No.

AJA19-0226

Surname: BALBIN Given Name: LAURENCE BERNARD M.I.: A

Student Number 18 - 42900 Course/Year/Section BSEd 3B

Subject: EDUCELEC_SS 312 HUMAN RESOURCE MANAGEMENT

Chapter: Chapter 2: The Role of Human Resources


Lesson: LESSON 1: Human Resource Management Defined

Evaluation:

1. State arguments for and against the following statement: there are
other things more valuable in an organization besides the people who
work there.

In this argumentative essay I intend to focus on two sides --- human capital
and capital goods.

As I dissect the statement “there are other things more valuable in an


organization besides the people who work there.” There is already a clue that
people are the most valuable in an organization however, the phrase other
things signify that not all organization people, are the asset.

In an essay published at course hero by Shreveport, “People who work for the
organization are technically referred to as Human capital.” In the factors of
production human capital is called labor --- people with all their efforts, abilities,
and skills. On the other hand capital good is defined as the tools, equipment,
machinery, and factories used in the production of goods and services.

An organization can only be called an organization if there were people in it. It


is the people that will determine the direction magnitude of the business.
People are the most valuable asset as they fuel in the sense of an
organization; human lives would not have sense without people in it.”

People cannot satisfy all their wants and needs because productive resources
are scarce. The factors of production, or resources required to produce the
things we would like to have, one of which is the capital or capital goods.
Without these, a business will not run. It is essential to have capital goods
Certificate No. AJA19-0226

because it served as a “machine” in order to have a good company,


organization and business. Without tools, equipment, machinery, and factories
the production of goods and services will not come into existence.

HUMAN CAPITAL --- people who work in an organization are its asset.

Employees champion your business and determine the success or failure of it.
The work they do determines what customers and partners see, so it’s
important for you to treat your employees with the value they bring. Employees
leading an organization might be able to be replaced physically, but their skill
sets and knowledge can’t be.

The following are some reasons why employees are considered invaluable
assets (based on www.vplegacies.com) :

1. Essential to providing goods or services - improving employee efficiency


and performance are major priorities for an organization. Employees produce
the final product, take care of finances, promote your business, and maintain
the records for decision making.

2. Employees are the first customer of any organization - if the


organization does not have happy and satisfied employees, they will not deliver
performance-oriented results. Therefore reducing the profits of the
organization.

3. Employees give their 100 percent to any organization - no matter what


size the business is, success is the result of continuous hard and smart efforts
put in by happy and valued employees. This results in keeping the organization
going, competing with its competitors, and elevating ahead of them all.

4. Employees are the face of an organization - it’s the satisfaction level of


your employees that matters the most. So, if an employee isn’t happy, she
might spread a negative word about the organization, even after leaving it.
What’s more, is that an unhappy employee will lack motivation and will not
perform well, leading to unsatisfactory performance. This results in
unachievable performance targets, low profits, and employee churn.

5. They are the nurturers of the organization - employees are the ones who
give their heart and soul to an organization. Similar to how parents raise their
children, employees nurture their organization with their values and endless
Certificate No. AJA19-0226

efforts to take it to the top.

6. Skilled people with knowledge - the most irreplaceable factors employees


bring to the table are their skillsets. Their skills include training and
development programs, experience in a specific field, and an understanding of
companies’ cultures, systems, and work procedures.

7. Employees are the base of a strong and long-running organization -


employees run the organization, no matter what level. This means their
strength, commitment and dedication, and their emotional connection with the
organization can’t be judged as assets in monetary value.

8. Motivated employees make a significant difference - employees reach


new targets, meet customers’ demands and needs, develop new and
innovative products, and perform enormous and huge efforts to achieve the
company’s objectives.

9. Employees are major contributors to profits and worth of the


organization - it goes without saying, but employees can’t be given a
monetary value for the effort they put in to help the business earn profits. This
results in excellent customer reviews and creating brand loyalty from
customers. Therefore, employees are the most valuable assets an organization
has. It’s their abilities, knowledge, and experience that can’t be replaced. So,
going forward, organizations need to place emphasis and importance on the
contribution that employees that they have in order to propel themselves
ahead.

CAPITAL GOODS --- the other thing valuable in an organization

Capital goods are fixed assets which are used in the productive process in order to
produce a finished ‘consumer’ good. Capital goods are not bought for their own utility;
they are bought in order to be used in the productive process.

Capital goods are important for increasing the long-term productive capacity of the
economy. More capital goods reduce consumption in the short-term, but can lead to
higher living standards in the economy. Therefore, economies often face a trade-off
between consumer goods and capital goods.
Capital goods, often called complex products and systems (CoPS) (Gann and Salter
2000; Hobday 2000), play an important role in today's economy (Acha et al. 2004).
Aside from allowing a business to create goods or provide services for consumers,
capital goods are important in other ways. In an industry where production equipment
Certificate No. AJA19-0226

and materials are quite expensive, they can be a high barrier to entry for new
companies. If a new business cannot afford to purchase the machines it needs to
create a product, for example, it may not be able to compete as effectively in the
market. Such a company might turn to another business to supply its products, but
this can be expensive as well. This means that, in industries where the means of
production represent a large amount of a business's start up costs, the number of
companies competing in the market is often relatively small.
The Decision
The acquisition of machinery and other expensive equipment often represents a
significant investment for a company. When a business is struggling, it often puts off
such purchases as long as possible, since it does not make sense to spend money on
equipment if the company is not around to use it. Capital spending can be a sign that
a manufacturer expects growth or at least a steady demand for its products, a
potentially positive economic sign. In most cases, capital goods require a substantial
investment on behalf of the producer, and their purchase is usually referred to as a
capital expense. These goods are important to businesses because they use these
items to make functional goods for customers or to provide consumers with valuable
services. As a result, they are sometimes referred to as producers' goods, production
goods or means of production. In other words, acquiring capital goods requires
investments.
Concluding Paragraph
Today, it’s considered to be the knowledge of its employees and their productivity. All
intangible assets such as patents, copyrights, intellectual property, brands,
trademarks, and R&D are created by people. Therefore, people matter most to you
and your business. They are the most essential contributors toward profits and
shareholder value. That said, people are key assets for any organization. In today’s
continuously changing business world, it is human assets, not the fixed or tangible
assets that differentiate an organization from its competitors. The knowledge
economy distinguishes one organization from another. Therefore, given the facts
aforementioned I can say that people are the most valuable assets of an organization.

2. Of the seven tasks an HR manager does, which do you think is the


most challenging? Why?

Whether a company produces cellphones or cosmetics, hiring great people for


a business is always the most important task. After all a company is only as
good as the people it keeps, and if I am a recruiting and Human Resource
Professional I have this responsibility on my shoulders.

According to a blog published by Atlas Staffing, “Attracting talent is a huge


investment of time and money. It’s difficult for entrepreneurs to balance
Certificate No. AJA19-0226

between keeping a business running and hiring the right people at the right
time. In addition, it’s impossible yo know whether a candidate will actually be a
good fit until they’ve worked for you for a period of time.”

For some, staffing is perceive as the first thing to do as a human resource


manager. Well, this might be true but for me staffing is not a one time event ---
it lasted until the hired person will going to retire or resign --- staffing is
continuous and positive process and from time to time it undergo development
--- it fulfills needs, both present and the future ---.

Failure to locate and encourage potential applicants to apply for existing job
openings will lead to a failure organization, company or business.

I thought staffing focused only on the applicants alone but staffing is influenced
by a variety of environmental factors -- economic, social, technological, political
and legal which makes this process more difficult because there are a lot of
things to consider.

Staffing includes preliminary interview, employment test, employment


interview, selection interview, checking references, medical examination, job
offer, evaluation of selection program and etc. Imagine, this require good
communication skills, advertisements and locating the history background
check of the applicants.

I wan to conclude this essay by borrowing one of Renee West insightful hiring
quote, “You can have the best strategy and the best building in the world, but if
you don’t have the hearts and minds of the people who work with you, none of
it comes to life.”

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