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All activities that occur in the market and the major actors involved in the tasks must be adequately reported in any organization. Building meaningful systems can be done in such manner. A sense of activity is developed as a result of meaningful systems, and this activity improves the management of human resources. One of a company's fundamental resources is its human resources. In particular, this essay analyzes how HR practices relate to successful organizational outcomes and the influence of human capital on organizational practice. It does this by drawing on an article on human capital.
The information given in the article is based on peer review, 360o appraisal, and the leader performance and employee feedback. All these are essential in the HR function. More so, it is linked up to the customer surveys. According to the article, the human capital gives investors a clear picture of the company value. The reason behind this is that the human capital is what is brought to the organization by the employees. With the measurement of the human capital, the improvement of the business follows, which ensures the success of business. During the research, the company sought to interview lots of people which had the implication that the report was valid
As an example, they interviewed over 20 managers on the issue whereby they ranked the human capital by the size of the human capital. The interviews conducted were regarding semi-structured basis and thus were deemed to be relevant. There was the allocation of adequate time for the research on the topic which took approximately six months in the research. The workforce, reflected in a range of workforce skill sets which ranged from the production line and the front-line service’ skills extending towards the different skills found in the high-tech companies
The article indicates that studies have revealed that improved information as regards the management of human capital has led to the improvement of the business. The improved information is as regards to the knowledge of the flexibility and the creativity of individuals working in a specific firm along with their ability to develop skills over time. The development of the skills over time is the main guidance as it gives the methodology in which the employees respond towards a certain context. The response on the situation provides a basis for the evaluation and the measurement of the performance achieved.
The human capital leads to high performance as it is interesting on how the employees are managed with proved competence in the evaluation of individuals. It is important to note that people within a certain company are assets which are in the tangible category. The management of the employees is of assistance and crucial to the progress of the company by use of the facts and research outcomes.
The information given by a certain company is linked towards the development of the company since it is used in the improvement of the states of the individuals which has the implication that the individuals get the morale in doing their tasks. The data received from the analysis of the information as regards the human capital is of strategic value as the social responsibility of a certain company comes out as a role in the boosting of the company’s objectives and goals.
On the improvement of the organization within a certain company, there is the use of metrics in the auditing of the skills of individuals in such a manner that the company has the knowledge of whether they have adequate staff for the performance of a specific task. The work of the HR in practice links up the improvement of a certain company whereby there is the development of the structures associated with each person in a company. The article given out indicates that the analysis that done on the employees of a certain company is of importance as they link up the roles of all the individuals towards the goals of the company. All the individuals of a company are aligned towards the demands of the company and also the statements of purpose of the firm.
Through the use of human capital, the positive organizational outcome is imminent due to the improvement in the decision-making. The HR linking are alongside the development of the objectives for the specific business. The operational objectives lead to the prosperity of the business as they offer a guide on the allocation of tasks to various individuals within the enterprise.
According to the article, there is the progress achieved after the evaluation of the human capital which is difficult to undertake. There are the unique qualities attributed to human capital that make them be of great advantage to the firm. The in-house reporting within a certain firm reported that there are some problems associated with the measurement of the assessments. The human capital is one of the priorities of the CEO of every company as they increase the connectivity between various employees of a company.
With the HR in place, the roles of all the individuals are known to the company. In that way, the company executives know where to point at whenever they note some anomalies in the running of a certain responsibility. The various roles and the responsibilities are shared among the members in such a manner that all the employees within the company contribute towards the attainment and the achievement of the goals of the company. Through such so doing there is the promotion of the organization and the structuring of the business within the firm.
There are learning, development and the management of knowledge that comes along the use of the human capital evaluation. The training gives a sense of who is who in a certain company and also gives the employees a sense of belonging to a specific company. The measurement of the progress after training has the impacts on the organizational structuring within the given company. The specialization in the handling of tasks provides a basis for the development of the company as all the individuals within a company have a sense of their roles in the activities that they are engaged within the firm.
With the human capital ready, many initiatives come into place whereby there is the retention of the initiatives which are broad in scope. The measurement of the business leader performance comes with the gaining of much for the company whereby over the effectiveness of the plans, there is the development and the gaining by the company. The leadership competencies give the company executives a chance to shuffle the roles in a specific company in such a manner that it suits the demands of the company.
The human capital leads to high performance as it is interesting on how the employees are managed with proved competence in the evaluation of individuals. The information given by a certain company is linked towards the development of the company since it is used in the improvement of the states of the individuals which has the implication that the individuals get the morale in doing their tasks. The data received from analysis of the information as regards the human capital is of strategic value as the social responsibility of a certain company comes out as a role in the boosting of the company's objectives and goals. The human capital is one of the priorities of the CEO of every company as they increase the connectivity between various employees of a company.
Evaluating human capital: An exploratory study of management practice
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