Human Assets refers to the stock of ability, knowledge and personality characteristic personified in the capacity to perform work so as to produce business values. It also refers to categorizing skills and capability of a person in terms of employment. It is the characteristic gained by a worker through knowledge and practice. Many financial theories refer to human assets basically as labor Read more.
Many a times, we think our assets as house, computer, and money and so on. Nevertheless, these things only are a small part of our asset portfolio. Nearly every one of us has human assets that are more precious than any of these. Human Assets gives profit to our life in so many ways it’s difficult to say all of them. It might be our friends, parents, kids, siblings and so on. They give us an encouragement when we are trying to solve a difficult problem. They help us in achieving our goals and so on.
Human Assets helps in choosing, developing the perfect one, it is a firm of business psychologists. Businesses without a clear strategic idea will have great difficulty to optimize the best part. It will be unsuccessful at hiring the right people and this certainly leads to redundancy. Additionally, if the business does not have a successful hiring plan, several wrong people will be hired. In hiring’s, particularly later, many people will argue that a merit of the person is not used. On the converse, people all the time get rewarded on the basis of some merit system. Nevertheless, the merit system can be ill-defined. Lastly, badly defined job functions will increase lack of skill and overfilling.
The efficiency of teams is absolutely important to the achievement of today’s organisations. Hence, the teamwork is required to achieve objectives. Many responsibilities have become more complex and therefore a combination of knowledge, proficiency and abilities are needed if they are, to be performed fruitfully. Such merits are not often found in one individual alone, the responsibilities are likely to be performed successfully with the right team of individuals in place.For a business, winning the heart and spirit of the people is one of the greatest assets.
Human Assets is similar to labor work or power. Any worker cannot sells Human Assets just to get money revenues. It is far from being liquid asset. Even who is a slave, whose Human Assets can be sold will not sell his assets easily, the owner of the slave gets the profit. The term Human Assets in human logics refer to uncertain mixtures of these and it is self-determining.