The individuality of companies
When talking about Human Resource Management, it is also necessary to consider the individuality of every company. The theory gives us examples how the structure of a company should be which normally is the hierarchical system.
The Finance and Investment Dictionary defines the term “company” as follows:
“Organization engaged in business as a proprietorship, partnership, corporation, or other form of enterprise. Originally, a firm made up of a group of people as distinguished from a sole proprietorship. However, since few proprietorships owe their existence exclusively to one person, the term now applies to proprietorships as well.”
This definition already shows that people are necessary for forming a company. But it doesn’t answer the question for what a company is need. A company undertakes it to produce something of a special value. Not only material goods are having their value. Also immaterial goods are valuable as the economics tells us. That implies that even social institutions, public and private households create things of a special value. Simple examples therefore would be the raising of children or the collecting of money for a relief action.
For reaching the targets of every individual company you need people working for them what is considered as human capital. The people bear an employment to create things of value. The surrounding they work in is the actual sphere of action – also named company- which determines the job satisfaction. The company itself can also be the cause for the absence of it.
Organizing the company with the people working for it is one side. As already mentioned the job satisfaction is task of the Human Resource Management. Therefore it also has to consider the different targets of the individual human and what they want to reach while working for the company.
After all it should be evident that every company is special in their own way. Not only because they produce different goods but also the people working for it are different and consequently form the individuality of a company.
Tags: company, hrm, human being, human resource, human resource management, individuality, job satisfaction