Importance of Human resources | Human Resource
What is human resources?
Human resources refers to the knowledge, skill, efficiency and physical and mental capacity to do work inherent in the people of the country. Thus, human resources is meant the physical and mental quality of people of the country.
The development of a country depends upon its quality of human resources. Technological development of today’s world is the outcome of human resource development. These efforts have been instrumental in raising the living standards of people through economic growth. Human resources can contribute a lot to the field of economic development. Low level of human development causes a low level of economic growth and further deterioration in the lives of the poor, which will, in turn, lead to malnutrition, poor health, poor education, etc.
Lecture On Human Resource
Importances of Human resources
Human resource has an important role to play in the economic development of a country. A healthy, skilled, and educated population is the pre-condition of economic development. It increases productivity and also contributes to inequality and justice. Role of human resource in the economic development of a country becomes evident from the following facts:
Importances of Human Resources Are:
1. To utilize natural resources:
Nepal has vast potential for the development of natural resources like water, forest, minerals, etc. Human resource is essential for the maximum utilization of these resources. As labor is the only active factor of production, nothing can be done without human efforts.
2. To develop infrastructure:
Basic infrastructures such as road, transportation, communication, power supply, etc. are the precondition of the economic development of a country. The development of these infrastructures depends upon the capability of the human resource of the country.
3.Basis of agriculture and industrial development:
The modern and superior technologies should be used for the modernization of agriculture and rapid industrialization. This is possible only by the use of skilled manpower. Agriculture is one of the main sources of raw materials for industry and company which are based on agricultural items. Using technology in agriculture gives more production of crops and raw materials.
4. To improve technology:
Human resources can play a vital role in the improvement of technology. It provides knowledge to change and replace existing and traditional techniques with new technology. This, in turn, helps to improve the economic growth of the country.
5. To increase production:
Development of human resources increases the knowledge of natural resources, introduces new production techniques, extends the market, and opportunities for economic activities. 1These all lead to an increase in production. Moreover, it helps to remove the economic backwardness of the country.
Civilized society is a sign of human resource development. Human resource development makes society aware of the rules and regulations, the right and duties, and so on because only an educated and awarded person can provide the right message to society. Each and every individual is associated with a society when the manpower of the society developed then the whole society becomes developed.
7. To utilize physical capital:
Existing physical capital should be properly utilized for economic development. Human resources is essential to operate machinery and equipment and to run factories and industries. When they work for the company and industry, their and organization’s capital and profit increase rapidly and continuously.
8. To compensate for the deficiency of natural resources:
Utilization of human resources can compensate for the deficiency of natural resources. Many countries like Japan, South Korea, Singapore, etc. are poor in natural resources but they are able to achieve high economic growth through proper utilization of human resources.
Finally, people are both the agents and subject of development, because of every effort made on development is ultimately aimed at the welfare of the people themselves.
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