National Economy
Sunday, August 3, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Human Resource

Employees Are Company’s Most Valuable Asset

by Olushola Bello
2 years ago
in Human Resource
Reading Time: 3 mins read
Employees
Share on FacebookShare on TwitterShare on Telegram

 

Successful companies know and value their staff. They know that employees are essential factors in any organisation’s success and, thus, work diligently to provide good pay, satisfying benefits, and positive work environments.

Businesses should know that the skill-set of their employees accounts for 85 per cent of the company’s assets.  Therefore, the abilities and skills of employees determine the success of the company. Employees are the backbone of an organization. If they do not correctly perform their responsibilities, the company will suffer.

For this, every organisation needs to value its employees as an asset. Their employee’s skills, abilities, knowledge, and experience are intangible and invaluable assets in securing the organisation’s future. Valued employees’ positive mood will directly impact the processes, profits, and productivity of the organisation. They will gladly engage in the organisation to overtake competitors and stand or grow with the company.

You May Like

Executing Vision: Strategies For Building Strong Team

Incorporating Short Breaks In Your Workplace

Speaking on this, an entrepreneur and business management expert, Dr Timi Olubiyi, stated that employees’ abilities, knowledge, and experience cannot be assigned a monetary value.

According to him, no two employees are the same, and although one can substitute the other for some operations, they will have different quirks and techniques in working that will affect the whole company dynamics.

“When a skilled and talented worker leaves your company, you cannot just replace them by bringing on anyone you did like to hire. Their knowledge and skill must be equivalent to the employee who left the company. However, every individual has different capabilities and potential that need to be incorporated into the company’s processes to adjust and work well with others.

“As a HR manager, one must know that the employees are the most important asset any company has. They operate and keep the company working. Their skills and abilities differentiate your company from its competitors, and they contribute towards shareholder value and profits.”

Reasons Why Employees Are Vital

They Deal With the Customers: Employees are in the frontline and have the information on the customers’ needs. This enables them to anticipate customer needs, identify new trends, and improve current services or products based on the customers’ feedback.

They Know How To Work And Improve The Systems:  Employees use the company’s internal tools and systems every day. They will be the first to identify a possible problem with the systems as they are familiar with them. They can also provide insights on how to improve them by coming up with solutions and sharing ideas.

They Connect And Keep The Company Running: Every department of the organisation has different employees with various specialisations and responsibilities such as marketing, finance, production, information technology, etc.

They Are The Company’s Brand Ambassadors: When employees are happy with how they are treated and recognised by the company, they will be loyal and proud of being a part of the company.

They Are The First Customer In Any Organisation: Employees possess different skills along with knowledge. Their skill may consist of training and development programs, expertise in a specific field, a keen understanding of the procedure of work, work culture, and overall system. Satisfied and happy employees deliver high performance and productivity, thereby increasing the profits of the organisation. Prioritise your employees like how you prioritise customers.

They Nurture An Organisation: Happy and valued employees give their 100 per cent effort to the company. They strive hard with their skill-sets and values. Well-trained, motivated, and experienced employees will deliver excellent customer service that makes the organisation stand out from the competition.

They Increase The Company’s Productivity: Companies who value their number one asset (human resources or employees) are more likely to become successful than those that do not.

They Strengthen An Organisation’s Long-Term Prospects: It takes time to find eligible people to replace great workers who left an organisation. If you see your employees as assets, you will do everything to keep them.

They Are The Foundation Of The Company: If the employees are not engaged or not motivated, the whole organisation will crumble. This is the primary reason why employees are the most valuable asset for an organisation.

Employers should recognise employees as the most significant asset, after all, motivated employees can make or break a company. These invaluable and intangible assets will help in securing the future of the company, so Companies should take care to recruit the best ones.

 

 

 

Tags: Employees
ShareTweetShare
Previous Post

SME Strategy Cannot Save This Country. Think Again

Next Post

inDrive Invests Over N282m To Enhance Comfort In Africa’s Ride-Hailing Service

ANOTHER GOOD READ

Executing Vision: Strategies For Building Strong Team
Human Resource

Executing Vision: Strategies For Building Strong Team

6 days ago
Incorporating Short Breaks In Your Workplace
Human Resource

Incorporating Short Breaks In Your Workplace

2 weeks ago
Resetting A Demotivated Workforce: Strategies For Success
Human Resource

Resetting A Demotivated Workforce: Strategies For Success

3 weeks ago
Unlock Team Potential: The Power Of Good Habits In Workplace
Human Resource

Unlock Team Potential: The Power Of Good Habits In Workplace

4 weeks ago
Sustainability In Workplace: Strategies For Organisations To Go Green
Human Resource

Sustainability In Workplace: Strategies For Organisations To Go Green

1 month ago
Strategies For Becoming An Effective Leader At Workplace
Human Resource

Strategies For Becoming An Effective Leader At Workplace

2 months ago
Next Post
inDrive Invests Over N282m To Enhance Comfort In Africa’s Ride-Hailing Service

inDrive Invests Over N282m To Enhance Comfort In Africa’s Ride-Hailing Service

Most Recent

Coca-Cola To Sell Chivita|Hollandia To UAC In Major Industry Shake-Up

Coca-Cola To Sell Chivita|Hollandia To UAC In Major Industry Shake-Up

July 30, 2025
Stakeholders Warn Against Weakening FoI Act

Stakeholders Warn Against Weakening FoI Act

July 29, 2025
Impact Of Fake Colleagues In A Workplace

Impact Of Fake Colleagues In A Workplace

July 28, 2025
NYG: Weightlifting Federation Begins Implementation Of New Bodyweight Categories

NYG: Weightlifting Federation Begins Implementation Of New Bodyweight Categories

July 28, 2025
Women’s Basketball Premier League: First Bank Makes Strong Start

Women’s Basketball Premier League: First Bank Makes Strong Start

July 28, 2025
WAFCON 2024: Senate Celebrates Super Falcons

WAFCON 2024: Senate Celebrates Super Falcons

July 28, 2025
Wakama Unveils D’Tigress’ Roster For 2025 AfroBasket Championship

Wakama Unveils D’Tigress’ Roster For 2025 AfroBasket Championship

July 28, 2025
‘Legal Backing Needed For Gratuity Reintroduction Under CPS’

‘Legal Backing Needed For Gratuity Reintroduction Under CPS’

July 28, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy