Preview

Human Capital Management

Powerful Essays
Open Document
Open Document
1584 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Human Capital Management
Human Capital Management tools used on Information Technology staff
Human capital is a way of defining, assessing, and categorizing workers ' skills and abilities. In today 's business world, successful strategic human capital management and assessment is essential for accomplishing company and organizational program goals. Businesses should focus on one of their core departments – Information Technology (IT). The intent of this study will be to ensure company 's human capital approaches are beneficial to their IT department employees. The purpose of this study will be to determine if the current approaches to human capital management are being used on IT staffers effectively. The study will specifically study the results of these approaches to their respective IT departments.
Information Technology (IT) has been an imperative aspect of business. The IT worker needs to have technical capabilities to work within a company to do their job. However, there has been a lack of methodology dedicated to developing and maintaining their technical and personal development skills. Instead, the human capital approach has been directed at sales and other customer service industry related departments. The IT worker is no longer just a separate entity from the company. Today 's IT worker must interact with customers, users, and management staff to achieve company and departmental goals. This study will determine the success of current methods of human capital tools and whether current employees are skilled and trained for their present positions.
Companies are trying to find new ways to retain employees. High turnover rates are costly to the business, hurt morale, and adversely affect the continuity of workflow. The concept of building human capital and improving current methods has become increasingly popular. Rather than attaching a dollar value to an employee 's knowledge, companies should instead learn to value the people, their intellect, knowledge and



Cited: Baily, Martin N., Burtless, Gary, and Litan, Robert E. Growth with Equity. Washington, D.C.: Brookings Institution, 1993 Becker, Gary

You May Also Find These Documents Helpful

  • Powerful Essays

    Tim's Coffee Shop

    • 1355 Words
    • 6 Pages

    Garald, M. W. (1996, 03 01). Information technology and HR. (human resources) . Retrieved 11 30, 2010, from High Beam Research: http://www.highbeam.com/doc/1G1-18601819.html…

    • 1355 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    unit 3

    • 1127 Words
    • 5 Pages

    The use of technology within human resource management has grown considerably over the last decade with the majority of organizations now using some form of HR information system, technology in HR has the potential benefits to increase productivity and enhance competitiveness; the effective use of technology is a key determinant of the successful management of human resource in organizations of all sizes. Technology has revolutionized the way HR functions from short listing to recruitment, performance management and even to psychometrics.…

    • 1127 Words
    • 5 Pages
    Better Essays
  • Better Essays

    Human capital is the collective value of the capabilities, knowledge, skills, life experiences, and motivation of an organization’s workforce. It is also known as intellectual capital which is the knowledge, creativity, and decision making that people contribute in an organization (Zinni et al, 2011). Many companies focus far too much on measuring return on invested capital (ROIC) rather than measuring the contributions made by their talented employees (Bryan, 2007). Organizations should realize the importance of human assets and how they can be used to predict the corporate performance and remain competitive in their specific industry.…

    • 1107 Words
    • 4 Pages
    Better Essays
  • Good Essays

    The effective management of human resources in a firm to gain a competitive advantage in the marketplace requires timely and accurate information on current employees and potential employees in the labour market. With the evolution of computer technology, meeting this information requirement has been greatly enhanced through the creation of HRIS. A basic assumption is that the effective management of employee information for decision makers will be the critical process that helps. A HRIS is concerned with activities related to employees and potential employees of the organization. Because the human resources function relates to all other functional areas in the business, the HRIS plays a valuable role in ensuring organizational success. Some of the activities performed by the HRIS are workforce analysis and planning, hiring, training, job and task assignment and many other personnel related issues (Stair R,2006,241).…

    • 2511 Words
    • 11 Pages
    Good Essays
  • Powerful Essays

    The reality in our society is that the most commonly measured workforce metrics do very little to help to HR Managers and business leaders achieve real insight into maximizing their human capital investment. To make better business decisions regarding their workforce, leaders need to see the connections in their workforce data and examine comprehensive workforce topics.…

    • 1346 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Human capital is considered an organization’s core competency and source of competitive advantage, thus strategic management of human assets is critical particularly in knowledge-intensive industries.…

    • 1046 Words
    • 5 Pages
    Good Essays
  • Good Essays

    The military teaches life long skills to be successful in the eyes of adversity. Upon completion of High School, it should be mandatory for the graduate to join the military force for a two-year term, unless they are medically not capable to do so. The military grooms the individual into a well rounded, motivated, diverse and respectful citizen. The individual becomes knowledgeable about their country, work ethic and skills to progress in life. The individual will learn how to be financially, physically and mentally stable along with the skills to be a well successful individual after completing their duty to their country.…

    • 707 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Human Resources Management

    • 6204 Words
    • 25 Pages

    2. Give some examples of ethical issues that you have experienced in jobs, and explain how HR did or did not help resolve them.…

    • 6204 Words
    • 25 Pages
    Powerful Essays
  • Satisfactory Essays

    Richard Miller separates his first chapter in Writing of the End of the World by exploring five different subjects. Each subheading includes a 2-3 page mini-essay, where I believe Miller attempts to motivate the reader to think about the effect of literacy on an individual, and also the world around us. Miller questions if reading and writing will matter in the new world that is evolving before us. Miller grabs the reader’s attention immediately by explaining how the Columbine event was linked to the literate arts. The shooters read material which supported their beliefs and wrote poems in English class that were “dark and sad”. With selecting this as the first heading, Miller challenges us to imagine how literacy can cause one to act outside of what most see as normal. Miller organizes this first chapter by dissecting the minds of a handful of readers and writers. With each single observation, the belief that literacy can affect you deeply becomes more believable due to each example that Miller provides us. He firstly he depicts how reading and writing does not always have a positive effect on you and how it may even cause you great danger. By the end of the essay he is describing how reading and writing can be a bridge to arrive at a more positive emotional or mental state. With selecting examples from both extremes, Miller successfully explains the importance, bad or good, that literacy has had in the past. This prompts us to imagine where it is going presently and where it will be going in the future. I could bring this strategy into my own writing since I believe it is effective. In just under forty pages, Miller is able to widely describe a subject through a few mini-essays, which I find to be impressive. Although, it would take more effort to write like this, since I would need to focus a lot more on organization, and also be able to deeply think about how literacy affected each person and then put in words that make…

    • 349 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Human Resources Management

    • 1159 Words
    • 5 Pages

    This exam has two (2) parts – multiple choice and short answer essay. Circle the correct answers…

    • 1159 Words
    • 5 Pages
    Good Essays
  • Good Essays

    One of the most important departments in a company is the human resources department. This department is charged with finding, screening, recruiting, and training job applicants, as well as administering employee-benefit programs. As companies reorganize to gain competitive edge, human resources play a key role in helping companies deal with a fast-changing competitive environment and the greater demand for quality employees. The purpose of this paper is to describe the functional roles of human resources.…

    • 507 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Capital. Skills and knowledge that increases the person’s productivity when working for any of several different…

    • 482 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Some of the major trends affecting human resource management today are the modern labor force, organizational strategy, growth, technology, and the changing nature of employment relationships. Companies struggle to determine who will participate in the workforce of the future. This can be done by examining the aging workforce, the diverse workforce, and the skill deficiencies of the workforce. Trends in organizational strategy include putting in the effort to maintain high-performance work systems that will develop changes in the organization’s size and structure. Today, human resource management has stepped up to play an important role in helping organizations. Human resource management’s goal is to gain and keep an advantage over competitors by simply developing into high-performance work systems. “Among the trends that are occurring in today’s high-performance work systems are reliance on knowledge workers; empowerment of employees to make decisions; and the use of teamwork (Noe, Hollenbeck, Gerhert, & Wright, 2003, p. 36).”…

    • 3767 Words
    • 16 Pages
    Powerful Essays
  • Best Essays

    HUman CApital Management

    • 4521 Words
    • 19 Pages

    Many literatures have been written and argued on Human Resource Management (HRM) in the past dated as early as in 1960’s. However, only since two decades ago, the whole culture of human resource management changed drastically due to extensive influence of internet, wireless connection and Steve Job. This paradigm shift of HRM was mooted by most of the present Fortune 500 companies such as Apple, Google and Bloomberg. These companies which was formed about two decades ago changed the landmark of Human Resource Management. Human Resource Department changed role from hiring and administrating workforce for the company to engaging and managing talent and human capital to add value to the organization’s performance and success. The trend was established that human capital or the people of the organization are the core which shall be well capitalised to ensure success in current business environment. Therefore, HRM policies and requirement changed drastically. One of it is the performance management of this human capital. This literature analysed on what are the problem faced in measuring performance management or appraisal of staffs, the factors prompting organization to reconsider or overhaul their performance management system and on how organization could improve the performance management system to suit current SHRM environment which the workforce demands. The problems with the appraisal system were found to be standard of performance measurement, more…

    • 4521 Words
    • 19 Pages
    Best Essays
  • Good Essays

    Human Resource planning in IT

    • 14616 Words
    • 59 Pages

    be based on the research goal and data availability. For example, if the goal of…

    • 14616 Words
    • 59 Pages
    Good Essays