Professional Documents
Culture Documents
▪ All companies now compete with similar goods in virtually the same
marketplaces and with equivalent access to finance, technology and
information.
▪ So, it is the degree to which organizations are best able to find, acquire, train,
grow and maintain human resources that can make the difference.
Competitive advantage means positioning your organization ahead of other organization in
order to achieve superiority in quality, low cost, value or innovation.
"You can take my factories,
burn up my buildings, but
give me my people and I'll
build the business right
back again.
HENRY FORD
BILL GATES HAVE ALSO REITERATE THE VALUE OF
PEOPLE EVEN IF HE/SHE IS LAZY
Our people are the true source of power.
They have been the key in MERALCO’s
unprecedented growth, and our partners
in nation-building. They embody our
corporate values which reflect the best of
the past and what it takes to succeed in
the future.
MERALCO’s Chairman, Manuel V.
Pangilinan
We value our people. Employees
are the heart of the company.
Having chosen personnel with
commitment to the highest
standards, through teamwork,
we aim to create corporate
understanding and loyalty to
one another.
Human capital (PEOPLE)
is still the key differentiator
According to Warren Bennis, a distinguished Professor of Business
Administration at USC's Leadership Institute
"It isn't about 'treating people nice’, it's about helping develop people to be
at their very best because that's the only way that companies are going to
succeed.
Its human capital that is the basis for competitive advantage".
Human capital - the skills, knowledge, and experience possessed by an
individual or population, viewed in terms of their value or cost to an
organization or country.
More and more companies are believing that their greatest
competitive advantage is their people.
▪ the management of an agency's human resources in a manner that assures the best
output with the least costly input, while protecting and enhancing the welfare of
workers (Hanlon & Pickett, 1984)
▪ involves acquiring the best person, paying them with the right compensation
and matching the strongest skills to your public organization's priorities
https://commed.vcu.edu/IntroPH/Management/management/personnel.html
1 Recruiting, selecting, and advancing employees on the basis of their relative ability,
knowledge, and skills
2. Equitable and adequate compensation;
3. Training employees as needed to assure high-quality performance;
4. Retaining employees based on performance, correcting inadequate performance, and
separating employees, whose poor performance cannot be corrected;
5. Assuring fair treatment of applicants and employees in all aspects of personnel
administration without regard to political affiliation, race, color, national origin, sex or religiou
creed;
6. Assuring that employees are protected against coercion for partisan political purposes and
are prohibited from using their official authority for the purpose of interfering with an
election
Changing Perspectives of HRM