Define human capital .
why human resources is supiour to any other resources ? any four arguments .
For 9th standard
answer fast please...........
why human resources is supiour to any other resources ? any four arguments .
For 9th standard
answer fast please...........
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(i) It is a way of referring to country's working people in terms of their existing productive skills and abilities.
(ii) Looking at the population in form of human resource emphasises its ability to contribute to the creation of the Gross National Product.
(iii) When existing human resource is developed by becoming more educated and healthy, we call it 'human capital formation' that adds to the productive power of country just like 'physical capital' formation.
(iv) humans have the ability to convert raw materials into finished materials...
It is important that each and every member of the team is considered as an individual, each with their own set of strengths and weaknesses. Human capital management assumes that any lack of knowledge amongst the employees of a company is purely down to lack of training or teaching, rather than looking upon it as a fault of an individual or a team.
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Human capital management provides a strategic approach to managing staff at a company. It differs from traditional HR practices as it is concerned less with administrative tasks and procedures and focuses more on getting the most out of staff for a happy and productive team. Companies who currently do not have any type of human capital management program in place should think carefully about implementing one. The employees benefit greatly from human capital management which in turn means the company benefits greatly too.
The approach to managing and organizing employees through a human capital management program is done in a number of ways. In essence, the approach should provide a fully inclusive strategy from even before a new employee is hired right through to their exit. Another important part of human capital management is succession planning and talent management. Being able to identify key members of staff as possible future