Assignment in HRM #7("Human beings are the most important, potent and critical, resource of any organization, and yet the least understood and the wo)

Human resources is an increasingly broadening term that refers to managing "human capital," the people of an organization. The field has moved from a traditionally administrative function to a strategic one that recognizes the link between talented and engaged people and organizational success. The field draws upon concepts developed in Industrial/Organizational Psychology and System Theory. Human resources has at least two related interpretations depending on context. The original usage derives from political economy and economics, where it was traditionally called labor, one of four factors of production although this perspective is changing as a function of new and ongoing research into more strategic approaches at national levels.This first usage is used more in terms of 'human resources development', and can go beyond just organizations to the level of nations. The more traditional usage within corporations and businesses refers to the individuals within a firm or agency, and to the portion of the organization that deals with hiring, firing, training, and other personnel issues, typically referred to as 'human resources management'.

Human beings are definitely the most important resource in an organization. Above everything else humans are the most superior in an organization. We all know that humans are essential in every organization because without them organizations would definitely not work out. If the technology or the department wherein IT id present is said to be the brain of an organization, human are the heart of every organization and without them the organization could not live and stand on its own. Human beings are also, to a certain extent, selfish, both by nature and by environment. A person who is an altruist is one who has regard for; and is devoted to the interest of others than himself alone. Altruism is a desirable trait to be aspired for but is, generally, hard to find among people in its ideal form. There are some people who seem to lack even a trace of altruism in their makeup; still others believe that there is such thing as enlightened self-interest, which may be made to benefit everybody through cooperation. Thus,
self-interest and the welfare of others do not have to conflict with each other.
Both can be achieved or satisfied at the same time.