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
In the economic study of the public
sector, economic and social development is
the process by which the economic well-
being and quality of life of a nation, region,
local community, or an individual are
improved according to targeted goals and
objectives.
Economic development policies focused on
industrialization and infrastructure, but since
the 1960s, it has increasingly focused on
poverty reduction.

5. INDICATORS OF HR
A company's human resources
department adds value when it
links its programs and actions to
the company's strategic goals.
During the planning process, HR
departments create a strategy
map, or diagram, that visually
depicts how it will add value.
That value can be measured
using key performance
indicators, or KPIs. Leading and
lagging indicators are two
common KPIs.
Leading indicators point to
future outcomes, while lagging
indicators show actual results.

6. STRATE
GY 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
For human resources departments,
leading indicators are factors that
measure progress toward the goals
on the HR strategy map.
Also referred to as “business drivers,”
leading indicators measure the
actions HR does for the company’s
medium- to long-term success.

8. LAGGING INDICATORS
Lagging indicators, or
“outcome measures,”
quantify results. Improving
them will improve financial
performance.
The term "lagging" refers
to the delay that occurs
between an action and
what happened as a result
of that action.

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:
1. HRD develops competent HR.
2. HRD create an opportunity for career
development.
3. Build employ commitment.
4. Employ commitment leads to job satisfaction.
5. HRD facilitates planning and management of
change in an organization.
6. Provides opportunity for training and
development.
7. HRD develops necessary skills and abilities
required to perform organizational activities which
helps in performance improvement.

11. KEY
COMPONEN
TS OF HRD
There are three fundamental component
areas of human resource development (HRD):
Individual development (personal).
Career development (professional).
Organizational development.

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
The following problems regarding
human resources mobilization rise:
• Assessment regarding the stock of capital.
• Growth rate of human capital formation.
• Direction of investment in education.
• Enthusiasm for higher education.
• Little manpower planning.
• Defective education system.
• Informal education.
• Behavior of administrators and politicians.

19. SOCIAL/NON
ECONOMIC
FACTORS OF
ECONOMIC
GROWTH
Economic growth is concerned with just
quantitative changes in the economy
consequent upon changes in stock of
capital, changes in stock of Labor and
changes in natural resources etc.
Whereas economic development not only
brings quantitative changes but also the
qualitative changes in the economy
attached with social, cultural, institutional
and political changes in the economy.

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!