Unique Value of Human Resource Management in Organization

Abstract

Modern economic events are occurring in a complex and turbulent environment. We are witnessing a process of globalization and internationalization of economic activities, which carry a myriad of new opportunities and chances and can be considered as threats to existence and prosperity of business. Will the new opportunities bechances or threats; it will primarily depend on the human resources of the company and its management. It is the main factor of growth, development and is decisive and crucial factor in the realization of the business goals and strategies. The main determinant from which everything starts, from which everything ends and everything depends is precisely the human factor, and not any other element of the business system. The fact is that traditional management with high organizational structures is slowly but surely transcending and giving away to a shallow, low organizational structure so called "Downsizing", which is the embodiment and symbol of modern trends in the management functioning. Such a structure entails a different communication way of management and Human Resources of a company. The aim of this paper is to once again evidence that the management of human resources is an essential part of survival and further development of modern business systems. The aim of this work will vary by presenting basic determinants of human resources from the management perspective, which will be confirmed by the fact that human capital is the most important capital of the business system. Precisely from its creativity, innovation, flexibility, the overall competitive position of the company will depend on. Human resources have the power of learning. Thanks to the knowledge and power of learning, human resources are the basis of introducing changes.

DOI: 10.5901/ajis.2015.v4n2s1p69