Maximizing Employee Potential: The Power of Human Capital Management
To understand the meaning of Human Capital Management, we need to first understand the term "human capital." The economic value of a worker's experience and skills is referred to as human capital. Employers value traits like loyalty and punctuality as well as assets like education, training, intelligence, skills, and physical and mental health. Since it can not be listed on a company's balance sheet, it is an intangible asset or quality. It is believed that investing in human capital will increase profitability and productivity. The possibility of a company's productivity and success increases with the amount of investment it makes in its employees. Employees are an organisation's lifeblood A company can not exist if there are no employees Individuals contribute to the success and productivity of the organisation in their own unique ways. Employees spend the majority of their days in offices, working hard to achieve the organisation's goals and objecti...