Will you Invest in Human Resources or Physical Resources for improved Productivity
Will you increase your investment in the Human Resources or Physical Resources if you want to increase your company's productivity?
I believe both are mutually important to improve company's productivity..but if you must narrow it down, then Human Resource's would be first on the list. Happy, respected, employees, increase productivity!..Offering them insurance, benefits, paid leave, incentives, and vacation pay is a necessary part of insuring loyal, committed employees...
I believe this will depend on what kind of industry you are operating in and the nature of your business. If you are in an industry where you largely depend on human service than equipment, then your priority for productivity should be the human resources because they help you create value and that improves your productivity. On the other hand, if you are in an industry that requires more of equipment e.g an automobile assembly plant that uses robots for about 90% of its operations and only 10% human service will definitely require more investment in equipment for it productivity. So the bottom line is the industry you are in and the nature of your business.
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