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With todays workforce becoming increasingly diverse Human Resource managers are having to stay ahead of the labor force start implementing more ways to maximize the benefits of employees in order to get what they need from it resources Organizations are relying on their skilled managers to get the people who get the job done and of course make the company money But that is not always the most important aspect of running a business People are People have always been central to organizations but today their strategic importance is growing in knowledge-based business world like never before An organizations success increasingly depends on the knowledge skills and abilities of its employees Without out them they would surely fail Particularly how a company is run and how they treat their employees and customers help set the core competencies which distinguish one organization from its competitors This paper is intended to give an overall view of how important Human Resources re to a organizationA organization can achieve a sustained competitive advantage when they have employees that are very valuable and well organized To do this an organization has to be able to do a good job of managing their human capital which is the knowledge skills and capabilities that add value to the organizations Managers must develop strategies for identifying recruiting and hiring the best talent available Once they get these individuals they must make them valuable assets to the company They must develop these individuals in ways that are specific to the needs of their individual firms and encourage them to generate new ideas while familiarizing them with the company strategies They must also be willing to share information and encourage them to give feedback to new or old ideasThe basis on which compensation payments are determined and the way they are administered can significantly affect employee productivity and the achievement of organizational goals Establishing compensation programs require both large and small organizations to consider specific
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