Let’s take a look at how to track pre-defined organizational goals of human resources management and how to identify the most important indicators and metrics for measuring HR effectiveness. Processes of Human Capital Formation Human capital formation is the process of adding to the human capital stock over time. Human capital can be developed by […]
Human Capital is a measure of the skills, knowledge, abilities and social and personality attributes that influence employee productive capacity and earning potential to produce economic value. Successful companies regard their employees as their most valuable asset and greatest investment. However, as the company grows, the management of people within an organization is much more complex. Really, managing human capital doesn’t have to be such a big challenge.
Design thinking describes the perceptive reasoning used to create strategies and processes that surround concept designs and developments.
HR strategy is defined as an organization’s structured approach to managing its workforce to align with all the business goals.
A good strategy dictates how the HR process runs, right from recruitment to succession planning. It is also not stuck in its ways, meaning that a strategy can rise to meet the evolving HR industry’s requirements.
Companies looking to optimize productivity, results, cost, and effectiveness are the ones most in need of intelligent HR tech implementation. HR Tech implementation is being carried out worldwide by small, medium, and large organizations. While technology has improved, its implementation is an area that hasn’t always seen the desired success.
Talent management is the systematic process of identifying the vacant position, hiring the suitable person, developing the skills and expertise of the person to match the position and retaining him to achieve long-term business objectives.
Human capital management (HCM) is the act of systematically recruiting, managing and developing a workforce. An HCM mindset views employees as company assets to be invested in so that their organizational value can be maximized. The important responsibility of HCM often falls on a company’s human resources department, as they generally play a crucial role in who’s hired, how efficiently talent is managed, and how seriously employee development is taken.
In an organizational context, groupthink and group behavior are important concepts as they determine the cohesiveness and coherence of the organizational culture and organizational communication. For instance, unless the HRD function communicates the policies clearly and cogently, the employees would not participate and comply with them wholeheartedly. Hence, molding group behavior is important for organizations. […]
To get a human resources (HR) degree or not — that’s the million-dollar question. If working in HR is what you want to do, there are a few different paths you can choose from to get you there. However, you must first ask yourself what you want to do in HR to figure out which […]
HR might be the most confusing department in your whole organization—everyone knows they’re important, but very few employees know why. So What does HR do? There’s a massive difference between a healthy human resources department that contributes to the growth of the organization and a distant HR that exists somewhere near the basement archives and […]
Dennis Green, aPHR loves having a positive impact on people. Immediately out of college he became an event planner, but that role didn’t offer the satisfaction he craved from his job. A career change was in order. Green considered law, but ultimately felt drawn to HR. He earned his Associate Professional in Human Resources (aPHR) […]
According to Mondy et (1996) Human Resource Planning is a systematic analysis of HR needs in order to ensure that correct number of employees with the necessary skills are available when they are required. To understand the Human Resource Planning First, we will see what is Planning? and why is it needed? What is planning? […]
Any company that wants to achieve great success needs to pay close attention to human capital management. The employees of a company are the biggest asset it has and by keeping that asset strong, the company has the best chance of success. A company that pays little attention to its employees will end up with […]
