Dual Control

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It is the responsibility of the human resources department to maximize the potential for human assets and human capital development. The increasingly self-managed nature of work, with more entrepreneurial workers increasingly recognising knowledge as a form of personal ‘equity’, may lead to training being seen as an investment in knowledge creation, and knowledge workers being offered a direct stake in the organization through equity pay and share options. Similarly, companies need to develop a profile of the type of workers they want to attract.

Pages: 140

Publisher: VDM Verlag (July 31, 2008)

ISBN: 3639069315

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On the other hand, human capital refers to the competencies of the individuals who are working in any particular organisation which can be used to achieve its goals and objectives. Human resources are converted into human capital after going through a rigorous training process which eventually assists in attaining the vision and mission of the organisation. It consists of all the individuals who form up the workforce of an organisation What are the primary read pdf http://snoboat.com/library/what-are-the-primary-contributors-to-the-dismal-failure-record-of-it-project-performance. The types of data which can be useful in measuring human capital are: demographic data: data on the composition of the workforce, age, gender, ethnicity recruitment and retention data: data on number of applications for vacancies, number of people leaving, length of service, numbers of vacancies, length of time to fill vacancies training and development data: number of days training given, money spent on training, types of training given, length of time to reach competence levels, data on training needs opinion data: data from employee attitude surveys online.

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. The primary determinant would be the level of access to the knowledge repository. This knowledge repository would need to be effectively maintained and kept current for it to remain valuable. With the establishment of a pilot program, starting with the Human Resources Department, data would need to be identified and stored in such areas as: (partial listing) In this recessionary business environment that has resulted in extensive layoffs, reduction or elimination of employee development and leadership development programs; reduction or elimination of employee compensation and benefit programs, inactivity of recruiting efforts, and emphasis given more to short-range planning rather than longer-range planning, the principles of Intellectual Capital should remain in clear focus and high priority to those people accountable for the Human Resources function Knowledge Management: Through The Technology Glass (Series on Innovation and Knowledge Management) download epub.

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