- September 29, 2022
- Posted by: Ms. Mariam
- Category: Blog
Human Capital Development and Pakistan’s Future
Three factors are globally responsible for human resource development: education, health, and a decent standard of living. With time, environmental sustainability is also becoming a considerable aspect of human resource development.
Developed countries have managed to become sustainable over the long term by taking a few steps. They invest heavily in their people through education and healthcare, meaning people can live more comfortably and productively. There’s a strong correlation between countries with skilled human resources and economic growth. Regarding literacy rates, their healthcare systems, and their standard of living, they have fantastic things going on in their country.
On the other hand, Pakistan is going through a massive disaster, including a population explosion, lacking in achieving its desired economic growth and sustainability owing to its underdeveloped human resource. Although almost 64% of the population is below the age of 30, lack of quality education, substandard healthcare facilities, and scarcity of employment opportunities have made them useless in terms of contribution to the national economy. Currently, Pakistani universities lack competencies in both research and teaching quality.
Human Resource Development (HRD) is undeniable evidence of the success of an organization. An individual educational background only determines their job title in sales, marketing, finance, accounts, HR, or administration but not their competencies depending on their skills. For an organization, it’s essential to groom employees and provide them with the right tools and a favourable environment in which they can demonstrate their abilities to their full potential.
Human resource development is needed in an organization for the following purposes:
1. To Achieve Goals
2. To Maintain a Level of Growth
3. Improve Effectiveness
Human Resource Development (HRD) is the integrated use of training and career development efforts to improve the performance of the individual or group plus overall organizational effectiveness. HRD is a continuous process for the development of technical, managerial, behavioural, and conceptual skills and knowledge. It develops the competencies that employees need to perform their current jobs and prepares them for future roles through planned learning activities. Human resource development (HRD) focuses on matching the needs of the individual and the organization.
The most 5 important functions of Human Resource Development are:
1. Performance Appraisal
2. Employee Training
3. Executive Development
4. Career Planning and Development
5. Organizational Change and Development
The basic need for Human Resource Development is to develop competencies in individuals at all levels of the organization. The goal of human resources development is to increase the individual’s culture, and the development of his principles and values, to enhance the ability to adapt to the environment that surrounds him, which contributes to increasing his overall effectiveness. Technical skills and knowledge are provided through training, managerial skills, management development, behavioural skills, and through organizational development.
The main objectives of human resource development systems are to develop:
• The capabilities of the employees to their expected future responsibilities.
• Cooperation between the various units of the organization.
• Team spirit and performance in every organizational unit.
• Increase productivity
• Greater organizational effectiveness and a culture of efficiency
• Relationship between employees and their supervisor.
• Overall health and self-renewing capabilities of an organization.
• Optimize the available human resource in an organization
• Encourage creativity
According to Pulapa Subba Rao, “HRD from the organizational point of view is a process in which the employees of an organization are helped/motivated to acquire and develop technical, managerial and behavioural knowledge, skills and abilities and mould the values, beliefs, and attitudes necessary to perform present and future roles by realizing the highest human potential to contribute positively to the organizational, group, individual and social goals.”
There are some prerequisites for Human Resource Development for any organization:
1. Develop Corporate Policy
2. Develop Management Leadership Style
3. Action Planning
4. Appointment of Competent Persons For Human Resource Development Functions
5. Examine Appraisal Systems
6. Organizational Development Exercises
7. Developing Training Policy
8. Developing Human Resource Development Climate
9. Developing Human Resource Development Personnel
Pakistan needs to improve the standards of teaching and learning at all levels of education. Greater linkages between the education system and industry are also needed to address. Education and different skills developmental courses should be free of cost. There should be proper training programs for the employees from time to time who will increase their skills & knowledge, Higher Productivity, way to promotion, fewer accidents and increased mobility. There should be proper control of population and gender disparity. Pakistan should also build closer collaboration between the various systems of primary, secondary, higher level, vocational, and skills training enabling youth for the future world of work. The government & private sector must facilitate start-ups, develop new skill development centres, and provide grants & loans.