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Personnel Management. The most valuable asset of any business is its people

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The most valuable asset of any business is its people. Land, buildings, goods, and equipment may dominate a balance sheet, but they do not make a business successful: people do. The best businesses are the ones that have the best people capable, creative, energetic people. To attract them requires both ingenuity and

initiative on the part of an employer. But the payoff in productivity is worth it. Staffing your business with the best people should be one of the highest priorities. Staffing, leading and controlling are important functions of management. The main aim of staffing is to fill and keep filled the positions in the organization structure with competent people. It also involves selecting, hiring, promoting, planning the career, compensating and training. Many firms have a personnel department with personnel manager directly responsible for coordinating activities of the employees. Yet, whether or not there is a personnel department, all managers are responsible for managing human resources.

 

 

What do business successful?

What functions of management are named?

What assets of a business are mentioned in the text?

Which of them is characterized as the most valuable? Why?75

What does the term "to staff" mean?


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