Why is it necessary to develop human resource in a country?

Why is it necessary to develop human resource in a country?

The human resource plays a significant role in the economy of a country by contributing to productivity. The other resource becomes useful because of the input by the human resource. Investment in human capital yields a return and it is done through education, training, and healthcare.

What are the benefits of improving human resource development?

5 benefits of human resource development

  • Employees with a set of skills.
  • Support your business goals.
  • Increase workforce diversity.
  • Helps you improve internal mobility & talent retention.
  • Easier employee management.
  • A long-term onboarding programme.
  • Career Development Programs.
  • Mentoring/Coaching.

What is the condition of human resource in Nepal?

HRM in Nepal is regarded as being in its infancy. Indeed, Adhikari (2010) identifies features indicative of the underdeveloped status of HRM in Nepal, which include low investment in employee training and the distorted flow of communication.

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Why is human resources the most important resource?

Human resource is considered to be the best resource because humans can make the best use of the resources if they have knowledge, education and technology to do so. In fact human resources are superior to other resources such as land and capital because they make use of land and capital.

What are the advantages of human resources?

7 Ways Human Resource Management Benefits Small Businesses

  • Secure Top Talent. Attracting industry-leading talent takes a big commitment.
  • Stronger Onboarding.
  • Improve Employee Retention.
  • Access to Big-Company Employee Benefits.
  • Fewer Compliance Issues.
  • Access HR Anytime, Anyplace.
  • Help Save Time and Energy.

What are the benefits of strategic human resource management?

Benefits of Effective of Human Resource Management

  • Exceptional corporate culture.
  • Increased productivity.
  • Enhanced customer loyalty.
  • Greater focus on corporate goals.
  • Better preparation for potential issues.
  • Effective leadership in implementing strategic initiatives.

What should be done to strengthen human resource development?

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How to Improve a Human Resources Department

  1. Improve your hiring process.
  2. Educate your employees.
  3. Be clear about expectations.
  4. Work on reward programs.
  5. Utilize HR software.
  6. Conclusion.

Why is human resources the most important resource what steps can be taken to improve the quality of human resource?

Steps to be taken to improve quality of human resource: Quality of human resource can be improved through better education, food and health facilities. The quality of population depends upon the literacy rate, health of a person indicated by life expectancy and skill formation acquired by the people of the country.

Why are you human resources important?

Human resources are important because nation’s development is mostly depended upon human resources which include human skill, technology, thinking and knowledge, that leads to a nation’s power. Only human skill and technology change the natural substances into a valuable resource.

What is the role of mineral resources in economic development of Nepal?

Mineral resources play an important role in the economic development of the country. Nepal is rich in mineral resources, but poor in an inability to extract them. If mineral resources can be developed and utilized, different benefits can be achieved. The role of mineral resource can be explained as follows:

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What are the advantages of mineral resources to human beings?

If the mineral resources can be extracted and utilized, mineral based industries can be established and expanded. Petrol, diesel, iron, coal, etc. are minerals for industries. This accelerates the industrial development. 2. Increase in employment: The existence of mineral resource provides employment opportunity to the people.

What are the various sources of energy in Nepal?

There are various sources of energy like petrol, diesel, natural gas, etc. in Nepal. If these minerals can be extracted, they can provide the necessary energy for industrial sectors and household use. 5. Development of self-dependency: