The Role Of Human Capital
Human resource management is defined as the process of managing human talent to achieve an organization’s goals. In order for an organization to function properly and reach those overall goals, they must invest much time and money into their greatest asset, human capital, or in layman’s terms, human talent in employees that can be economically valued. Human capital is not like physical labor in that the knowledge a person can gain is expandable and self-generating when more and more experience is gained. It is also transportable and shareable. This transfer does not prevent its use by the original holder. However, the transfer of knowledge may reduce its scarcity-value to its original possessor.
It is well known that human capital is intangible and is not easily organized the same way an organization manages jobs, products, and technologies. It is because of this that managers must tap into each and every individual employee on some level to gain understanding and figure out......
View the rest of this paper...
Approximate Word Count: 757
Approximate Pages: 4 (250 words per double-spaced page)
Why should you join Frat Files?
- - It's safe, secure, and private.
- - Instant access to over 100,000 papers. New papers are added hourly.
- - Fast and reliable customer support.
Similar Essays
-
The Role Of Human Capital
The Role of Human Capital. Human resource management ... terms. Technology plays a big
role in maintaining human capital to its fullest. As computer ... -
Training Vs. Job Placement And The Role Of Human Resources ...
... Corporate culture plays a unique role as this will help smooth the transition of ...
1434, March 2006 v49 i1 p87(2) book Investment in Human Capital: A Comment RS ... -
Evolution From Early Business Plans To Public Companies
... Related to the theoretical questions concerning the role of human and non-human
capital assets is an old and ongoing debate among venture capitalists (VCs). ... -
Legal Issues In The Workplace
... are realizing that their human capital is one of the most important assets to their
organization. HR is evolving and should play a strategic role in helping ... -
Human Capital Concept
... Human Capital Concepts Worksheet Concept Application of Concept in the Scenario
Reference to ... Executive staff will be setting a role model for InterClean for ...
Frat Files
Members
Information
