Staff are the Most Important Resource in any Organization and its Cost Should be Regarded as an Investment rather than an Expensive me of Expenditure
In the book Training, Development, and Motivation, Torkildsen (1992)argues that "Staff are the most important resource in any organization andits cost should be regarded as an investment rather than an expensive itemof expenditure." This statement suggests that there is a tendency to viewstaff as an expensive item, and not to recognize the value of staff. Thisstatement also asks the reader to accept a view where staff are consideredas a critical and valuable resource. If this view is accepted, this leadsto recognizing the high cost of staff, while also seeing the value ofstaff. In this way, the high cost is acceptable because of the valuegained by the business. It can be accepted that staff does represent ahigh cost. The question that remains is whether or not employees reallyare "the most important resource in any organization" and whether staffreally do provide the value Torkildsen suggests they do. A considerationof this issue completed by consulting texts related to the subject willshow that staff are the crucial and valuable resource that Torkildsen The first issue that must be considered is the importance of peopleto an organization. In considering this, it can b
In turn, these tasks areall completed by employees. This is where a well-developedreward system is required. Firstly, there is the actual moneyneeded to allocate as an award. This means that theinvestment only really provides short-term benefits, while other companiescatch up. The consideration also identifies several specific areas whereinvestment in employees can be highly beneficial, if not essential. One author also makes clear the link betweencontinuous improvement saying continuos improvement, "depends on having people who not only are empowered to make changes and improvements in products and processes but also have the necessary skills to do so. This occurs because the people of the company areso critical to its success, as has been described. The same applies to any business thatprovides a service. If it is a technology, another company can reproduce it. The unique advantage employeesoffer, and the difficulty other companies have duplicating it, is anotherreason that investing in employees can be considered a good investment. e seen that people arethe base of every area that is important to the organization's success. Having and maintaining a motivated workforceis not an easy task and requires considerable effort. In total, thisrepresents a significant investment. While motivation requires an overall system, the actual rewardsystem is critical.
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