Human Resources and Economic Development

INTRODUCTION TO HUMAN RESOURCES & ECONOMIC DEVELOPMENT
INDICATORS OF HUMAN RESOURCES
IMPORTANCE OF HR DEVELOPMENT
COMPONENTS OF HUMAN RESOURCE DEVELOPMENT
SOCIAL/ NON-ECONOMIC FACTORS OF ECONOMIC GROWTH

1. HUMAN RESOURCES AND ECONOMIC DEVELOPMENT PRESENTED TO: MA'AM ANEEQA FARAZ

2. PRESENTATION PLAN INTRODUCTION TO HUMAN RESOURCES & ECONOMIC DEVELOPMENT INDICATORS OF HUMAN RESOURCES IMPORTANCE OF HR DEVELOPMENT COMPONENTS OF HUMAN RESOURCE DEVELOPMENT SOCIAL/ NON-EONOMIC FACTORS OF ECONOMIC GROWTH

3. Introduction of human resources The simplest human resource description would be to say it’s the department of a company or organization that handles the relationship between employees and leadership. Human resource management (HRM) is the sector of HR that oversees these departments. HR covers a number of positions, responsibilities, and aspects of company efficiency and staff well-being.

4. ECONOMIC DEVEOLOPMENT

5. INDICATORS OF HR

6. STRATEGY MAP An HR strategy map states what the department wants to accomplish and how it plans to do so. It has four layers, each representing a key perspective. “Employee learning and growth” lies at the bottom, with “internal process” above it, followed by “customer” and, finally “financial.” Placing the perspectives in this format shows how they relate to each other. Together, the HR team determines its strategies and objectives for each perspective, starting with the top layer, “financial”.

7. LEADING INDICATORS

8. LAGGING INDICATORS

9. BALANCE SCORECARD To be an effective business tool, the HR strategy map must be measured in an overall context. The measurement document used is called the balanced scorecard, or BSC.  The scorecard includes the lagging and leading indicators and should provide a statistical overview of HR’s contribution to company performance.  This Photo by Unknown author is licensed under CC BY-SA-NC .

10. IMPORTANC OF  (HRD) The importance or significance of HRD can be explained as follows: HRD develops competent HR. HRD create an opportunity for career development. Build employ commitment. Employ commitment leads to job satisfaction. HRD facilitates planning and management of change in an organization. Provides opportunity for training and development. HRD develops necessary skills and abilities required to perform organizational activities which helps in performance improvemen t.

11. KEY COMPONENTS OF HRD

12. HEALTH SERVICES ROLE AND PROBLEMS IMPORTANCE OF HEALTH SERVICES Improved Strength and Capacity to work Enhance life expectancy Important to the woman Nation able to have good researchers and teachers Importance in the situation of severely rising population

13. PROBLEMS OF HEALTH SERVICES Health services poorly provided in the UDCs Lower efficiency amongst the people of UDCs Lower incomes of the people Health services are unevenly distributed among the regions The medical and health facilities in most of the UDCs are very much expensive

14. MEASURES TAKEN TO IMPROVE HEALTH SERVICES The govts. of UDCs should enhance budget allocations for health services. The govts, as well as private practitioners should play their dynamic role by opening up of health centers and health units in the villages. Some health-insurance schemes be introduced in the poor countries whereby at nominal charges the health services could be provided to all the citizens of the countries.

15. NUTRITION ROLE AND PROBLEMS IMPORTANCE OF NUTRITION The vigor, the physical as well as mental power and the efficiency of labor all are dependent upon the nutritional values of the society.  The ample amount of nutrients or a sufficient amount of calories will have the effect of reducing the diseases, reducing infant mortality rates and increasing the life expectancy of the population. The good health will not only create the handful of wages and salaries for the workers, but they will also contribute in respect of enhancing the national income of the country.

16. SUGGESTION TO INCREASE  NUTRITIONAL LEVELS The incomes of the poor classes should be increased. To increase the incomes of the poor people they should be provided with the basic needs at subsidized rates  The inflationary tendencies be checked up, either by controlling the demand or increasing the supply.  The children, particularly from low class should be provided free of cost diets at schools.

17. WATER SUPPLY AND SANITATION It is commonly observed that in the poor countries like Pakistan there is reduced supply of safe drinking water to the people, particularly the people living in the rural areas. The provision of medical and health facilities will be of no use if the people are not provided with clean and safe drinking water. The use of unsafe drinking water, the following problems may emerge: It will have the effect of creating the diseases. It will have the effect of reducing the efficiency of the people. It will badly affect the standards of health. It will result in reducing the life expectancy. It will increase the infant mortality rates in the country.

18. PROBLEMS REGARDING HUMAN CAPITAL FORMATION

19. SOCIAL/NON ECONOMIC FACTORS OF ECONOMIC GROWTH

20. ROLE OF RELIGION IN ECONOMIC DEVELOPMENT As Professor Lewis says, “Particularly all religion discourages the desires for material goods”. This is especially true as far as the dogmatic beliefs given by Christianity, Hinduism, and Buddhism are concerned. But as far as Islam is concerned it is not so. As the Quran says, “eat and drink, and not waste”. Islam justifies the procurement of material goods in the presence of the Zakat, Kharat, and social justice. The question is whether it is the economic change which led to create religious changes, or the religious changes brought economic changes. The economic change provided the foundations for social changes that became helpful for economic development.

21. ROLE OF FAMILY IN ECONOMIC DEVELOPMENT In the traditional society a single male member earns and a number of dependents depend upon him. When the process of economic development is further accelerated the further changes in the family life takes place. Both men and women work out of their houses and share the household expenditures and work jointly. The extended family system serves to be an obstacle in the way of economic development: The extended family system leads to discourage the mobility of Labor. It leads to decrease the risk-taking potential of the people. It leads to reduce the sense of responsibility amongst members of the family, as when so many share nobody feels responsibility. It leads to diminish the motives to develop and progress on the part of people.

22. CONCLUSION We conclude that the economic development is a multi-dimensional process which has much to do with economic, social, institutional, administrative, cultural, and political factors. The changes in such all economic and non-economic factors can be helpful to attain economic development.

23. THANKYOU!