Managing People Essay Example | Topics and Well Written Essays - 1250 words

Managing People - Essay ExampleThis capital was calculated as the cost of acquiring those skills through education, apprenticeship, and maintenance during this acquisition period. These represented a fixed cost homogeneous to other fixed costs. This too repays itself by way of profits as does a machine. This productive king of labour is again dependant on the contribution of labour as different skills are affect and each individual possesses a variety of them. The agility and nimbleness employed by the labour results in improved production and is his contribution towards profitability. Thus human capital was seen as skills, dexterity, and judgment combined.This concept has remained total over two centuries and it has become central to most organizations as the most important ingredient. The Human Resources division has assumed greater significance in comparison with other areas. In the present day do oriented economies where a large part of GDP consists of services instead of m anufacturing Managing People is of paramount importance. totally companies irrespective of their size have Human Relation Departments (HRD). It is the function of this department to hire appropriately adapted people for works n various departments of the company. Qualifications are defined according to their usefulness for the company and lots experienced people are preferred over others. A successful HRD exercise just begins with the hiring as it now extends to laying down policies for the individual and groups of employees and periodically evaluating performances. Of late it has been realized that just orientation of the employee in their jobs ror environment is not enough and some training both at the intial stage as sound as later for upgrading is equally important for the organization.Organizations keep evolving. In order to survive the continuous intrusion of competition and innovations, a company has to keep changing its strategies to for keeping itself on track in workin g