Friday, June 5, 2015

Developing Human Capital

Human Capital :  The knowledge , skills, and capabilities of individuals that have economic value to an organization.
Human capital is intangible and elusive  and can not be managed the way organizations manage jobs, products and technologies
If a valued employee leave a company , he takes their human capital with them
Responding to the Market
  • Total Quality Management
  • Six Sigma
  • Reengineering

Each of the above has direct implication for HR
Containing Cost
  • Downsizing
  • Outsourcing
  • Productivity enhancements

Performance = f(ability, motivation, environment)
Demographic Changes
  • The diversity challenge
  • Age distribution of employees
  • Gender distribution of workforce
  • Rising level of education
  • The changing nature of job

Cultural Change
  • Employee rights
  • Concern for privacy
  • Changing attitude toward work
  • Balancing work and family

No comments:

Post a Comment