how philosophy human resource must be treated as assets not rather a cost an organization

 

 Explain howphilosophy human resource must be treated as assets not rather a cost anorganization. 

philosophy revolves around management’s beliefs and assumption about people their nature, needs, values, and their approach to work. These beliefs and assumptions, then determine how people should be treated.  Kovilacheri & Nadu, (2019) there are three approaches for treating people: commodity approach, machine approach, and humanistic approach. In commodity approach, a person is treated like a commodity that can be bought or sold at a price as was the practice in old slavery system. In machine approach, a person is treated as a part of the machine that can be fitted like any other part. Both these approaches treat a person as physiological human being.

The human resource philosophy the should be Human beings are the most important assets in the organization and the worker the treated as assets in the organization not tree as cost of the organization

According to Kovilacheri & Nadu, (2019) an employee is an individual who works for someone else in exchange for compensation.

According to Shani et al (2011) an employee is a worker whose employer defines the job tasks and controls how the job is to be performed.

In terms of whether employees have “value” to your business, the answer is yes. So from an economics standpoint, employees, more specifically labor or human capital, are “assets” in terms of their being valuable to running your business. But accounting-wise, you would not include them with your various assets.

The following are reason for treated the employee like asset in the organization

Employees are the face of an organization; due to the any organization the judged according to the appearances of the worker of the organization and depending from the status of the worker also 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. These results in unachievable performance targets, low profits, and employee churn.

Employees are the first customer ofany organization; The any organization the employer their first customer for any goods and service, If the organization does not have happy and satisfied employees, they will not deliver performance-oriented results, For example the first customer of the brand the employee the one trust the band like coca cola the one of the uses of the product the employee

Employees are major contributors to profits and worth of the organization; Employees can 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

They employees are the nurturers ofthe 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 efforts to take it to the top. Because the workers the people that can make the organization to be strong or weak they should be treated lie as asset because the nutrient of the organization. For example Coca-Cola the using the worker to promoting the product to the customer and not explain the weakness of the product (Kovilacheri & Nadu, 2019).

Employees are 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. For example the employee using skill and profession for production of good and service (Kovilacheri & Nadu, 2019).

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

Therefore employee the very important person for any organization because if the not employee the no organization and the vision and mission of the organization depend on the ability of the employees.

 

REFERENCES

Kovilacheri , K, T & Nadu, (2019) A Human Resource Management Philosophy:  International Journal of Social Sciences Research and Development (IJSSRD) Volume 1,

Shani. N,  Divyapriya. P &  Logeshwari. K (2011) Human Resource Philosophy: International Journal of Management (IJM), Vol 2. Karpagam University, Coimbatore