Why Human Resource Is The Most Important Asset?

What are the 5 resources?

The list below shows some of the most important natural resources to human life and society — and the state in which they exist today.Water.

••• Without a doubt, water is the most abundant resource on the planet.

Oil.

••• …

Coal.

••• …

Forests.

••• …

Iron.

•••.

What is the most expensive asset?

Bonds are world’s most expensive asset class.

Why people are the most important asset?

All intangible assets such as patents, copyrights, intellectual property, brands, trademarks, and R&D are created by people. Therefore, people matter most to you and your business. They are the most essential contributors toward profits and shareholder value. That said, people are key assets for any organization.

What is the most important asset to a company?

The most important asset at your company isn’t something you can put your hands on. It isn’t equipment or the physical plant, and it isn’t data, technology, or intellectual property. The most valuable part of your company is the people—the human capital—and any plans to move your business forward have to start there.

What is the most important resource on earth?

Top 11 Natural ResourcesWater. Like soil, water is one of the most important natural resources for the existence of life.Soil. … Timber. … Salt. … Oil. … Natural Gas. … Coal. … Iron. … More items…•

Which country has the best natural resources?

Some of the countries with the most natural resources in the world include:China. China is one of the leading producers of phosphates, vanadium, tungsten, antimony, graphite, coal, tin, molybdenum, lead, zinc, and gold.Saudi Arabia. … Canada. … India. … Russia. … Brazil. … United States. … Venezuela. … More items…•

What is your most valuable asset?

“Your most valuable asset is not your car. In fact, it’s not any possession you own. Your most valuable asset is You. The present value of your future income is the most precious thing you have, and the greatest investment you can make is one into yourself.

What is the greatest asset of any country?

Human Capital: The Greatest Asset of Economies on the Rise.

Why is human resources the most important?

HR Helps Develop an Engaged Workforce From hiring activities that identify the right people for each role to programs that give employees more ways to collaborate and communicate, the human resources department supports employee morale and helps employees develop a deeper commitment to the company and its goals.

What are the 7 functions of HR?

So, let us find out more about each of these seven functions of HRM.Job design and job analysis. … Employee hiring and selection. … Employee training & development. … Compensation and Benefits. … Employee performance management. … Managerial relations. … Labour relations.

What country is richest in natural resources?

RussiaRussia is the world’s richest country when it comes to natural resources. It leads all other nations in the size of both its natural gas and timber reserves.