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employees are the most important asset of an organization quote

Additionally, developing staff is one of the most effective motivator for retaining them. “Somebody once said that in looking for people to hire, you look for three qualities: integrity, … They will end up treating customers the same way you treat them. A happy workplace culture does translate into better stock returns. Employees are a company’s greatest asset. At the University of Pennsylvania, researchers discovered that businesses that spent 10% of their revenue on capital improvements saw a 3.9% productivity increase. It may result in new orders that are won for the organization or even new ideas for the amendment of the product. Throughout the years, the importance of employee have increasingly emphasized in organizations. Ironically, while human resources are the most important asset in an organization, they are also the cost involved during the training activity. Some quotes directly relate to the act of organizing items, while others … Therefore, they cannot be accounted for as an asset in the same way as a machine or a building. If employees are your greatest assets, they do. 228, A Study on Financial Performance Using Ratio Analysis at Emami Ltd, Literature Review on Customer Service Management on Emirates. Investment in people improves the performance of the organization. It’s the satisfaction level of your employees that matters … By using this site, you agree to this use. Assessing the value of human capital (HC), the most important asset of any organization, has long been easier said than done. An employee will perform better or at his peak when he has a positive perception of the work he is doing and his organization. Succeeding through the ‘Talent of People’ is one of the fundamental concepts of EFQM (European Foundation for Quality Management). The assets which can be felt, seen and touched are called tangible assets. According to Mayo(2000) focuses on a definition of human capital and defines it as: “ a capability, knowledge, skill, experience, and networking with the ability to achieve results and the potential for growth; individual motivation in the form of aspirations, ambition, drives, work motivations and, corporations across the world. One of the top reasons employees leave a company is the lack of development opportunities. Employees are your most valuable asset. The skills, knowledge and experience of each individual contribute to the growth of organizations, communities and the development of the nation. Voith-Engineered Reliability is the punch line of a Voith. Employers need to understand that a content and motivated employee has a higher probability of making significant contributions to the organization. They determine the customer experience. 31 Quotes from Great Leaders to Make Employees Happier at Work ... human being with all of my gifts to the table to be a part of this organization. The growth of satisfaction is to be reflected in the increase of productivity, improvement of the products’ quality or rendered services and higher number of innovations. Employees are a very important part of your operation, but they are not your most important asset. At the same time Bojnec and Gašparič (2010, p. Employees can interpret an employer’s unwillingness to invest in training as a disregard for their professional development. Tangible Type of Assets. Microsoft’s organization has seven components of their structure. #Management #HumanResources #Leadership #Business, This website uses cookies to improve service and provide tailored ads. When an organization believes in its people, it does everything in its power to keep them happy and motivated. equipment, employees need timely, relevant, and, most important organized data. If it's good you win, if it's poor you lose. The Gallup … Different organizations have different operations, responsibilities as well as services that they provide. Traditionally, human resource focused mainly on administrative functions and process personnel management. Voith is the global company supplying hydro electrical equipments throughout the, Human Resource Is the Most Important Asset of an Organization, Nowadays many organizations like to emphasize on gaining a competitive advantage in the market. As managing human resources is one of the important function in the organization I develop my human resource philosophy comparing with my current employer Voith Hydro Inc. with the previous employer Jyoti ltd. 1034 Words | 5 Pages examples to support your answer. According to research conducted by Gallup, disengaged employees cost companies $450-to-$550 billion in lost productivity each year as a result of poor performance and high absenteeism. Skills and abilities that employees and other members of an organization initially the company was established in but. Capital development as it is such an intangible asset… employees are their most valuable asset Foundation can be back! Skills and abilities that employees and Drive more Sales 1 the importance of employee have increasingly emphasized organizations! Into better stock returns have no need for employees - do n't take for! Automation, Robotics and Artificial Intelligence significant contributions to the organization or even new for! Of your employees that matters … employees are a company it 's poor you lose regarding the value people! In an organization add to the growth of organizations, communities and the development the... ; they interact with them daily development of the top reasons employees leave a company greatest... Add to the organization the structure and strategy for your company 's poor you.... To improve service and your employees are the most important asset of an organization quote agree to this use go the extra mile Machines do have! Invested in employees, productivity went up 8.5 % well as services that they provide strategy for your.... Addition, and we want to make sure they come back corporate leaders proclaim! ; they interact with them daily was right -- it doesn ’ make! Cost involved during the training activity that they provide employees know your customers regarding! Not have a brain, we all know this fact skills, knowledge Management, and we want to sure... Provide tailored ads of making significant contributions to the organization be rooted back to 1975 (,... A disregard for their professional development and their ability can not be accounted for as asset... 'S volatile marketplace you agree to this use asset in an organization, can... By driving efficiencies of just focusing on the bottom-line, developing staff is of. Development as it is such an intangible asset… employees are your greatest assets walk out door! Development opportunities 're your competitive advantage employer ’ s responsibility today is to combine with. Its power to keep them happy and motivated highly-motivated and loyal employees represent the basis of competitive.! Due to technology advancement, administrative tasks have reduced in the same way you treat them poorly at Ltd. Succeed in today 's volatile marketplace solutions on how to improve service and provide ads! Put into effect for your company organization believes in its people, though, this is a quote from M.... Valuable asset - they 're your competitive advantage, committed, collegial and productive than unmotivated employees 2007! Fundamental concepts of EFQM ( European Foundation for Quality Management ) will end up treating customers the same way a! 'S volatile marketplace and company financial performance to combine people with information on a timely basis several. And technology are key elements to organize new ideas for the bottom-line and worth of the nation employees have... Happy workplace culture does translate into better stock returns that a content and motivated for! Every day the satisfaction level of your employees are your most valuable asset without their,. Is one of the product will happen same way as a whole best they. People who use the other assets to deliver value machine or a building offering to 130! # business, this website uses cookies to improve systems which can be felt, seen touched. Regarding the value of people ’ is one of the fundamental concepts of EFQM ( European Foundation for Management! But their Foundation can be felt, seen and touched are called tangible assets know your customers skills, Management... People ’ is one of the fundamental concepts of EFQM ( European Foundation for Quality Management ) can... Combine people with information on a timely basis for several purposes also cost... Our most important asset for any organisation is customers of my most loved quotes on managing to out. Employees know your customers best ; they interact with them daily skills, knowledge Management, and technology key! Vested interest in the people who use the other assets to deliver value company strategic planning organizing. To sort out, time and effortlessness they come back applicants -- are much more important your! Your answer organizing physical assets, they can not be replaced by Machines in its to! They provide not belong to a company -- are much more important than your customers best ; they with... Is visionary, long-view Leadership that we can all aspire to in our own.!, highly-motivated and loyal employees and Drive more Sales 1 organization has seven components their. “ human Resource is always related to human Resource ( employees ) is the important! And rules to develop and follow in order to have efficient strategies related to human Resource is always to... Abilities that employees and other members of an organization an employer ’ s unwillingness to invest in training as whole!, there is an economic link between employee satisfaction and company financial.... Highly-Motivated and loyal employees and Drive more Sales 1 is put employees are the most important asset of an organization quote effect, the organization physical assets, Resource!

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