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Human Capital

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Human Capital
HUMAN CAPITAL
INTRODUCTION:
HUMAN BEINGS BRING KNOWLEDGE & ATTITUDE TO THEIR PLACE OF WORK
KNOWLEDGE
PROVIDES
CAPABILITY
ABILITY
TO PERFORM
CAPABILITY IS ASSOCIATED WITH CREATIVITY
ABILITY WITH DOING [ACTION]
BESIDES KNOWLEDGE, EXPERIENCE CAN ALSO BE THE SOURCE OF ABILITY
THE SCOPE OF ABILITY BASED ON EXPERIENCE IS LIMITED
HUMAN CAPITAL:
IN PAST IT WAS HR; TODAY IT IS HUMAN CAPITAL
HUMAN CAPITAL IS KNOWLEDGE + COMPETENCIES REQUIRED TO PERFORM TO PRODUCE ECONOMIC VALUE
KNOWLEDGE SHOULD BE APPLIED TO ANY WORK SITUATION TO PRODUCE ECONOMIC RESULTS
CONSTANT APPLICATION OF KNOWLEDGE, ONE BECOMES EXPERT

TYPES OF CAPITAL
HUMAN CAPITAL
INTELLECTUAL CAPITAL
STRUCTURAL CAPITAL
CAPITAL STRUCTURE
HUMAN CAPITAL
SUM OF COMPANY’S EMPLOYEES INCLUDING THEIR COMPETENCIES / TALENTS / CREATIVITY / KNOW-HOW
KNOWLEDGE COMPANY SEEKS TO UTILIZE
INTELLECTUAL CAPITAL
THE SUM OF A COMPANY’S IDEAS / INVENTIONS / TECHNOLOGY / KNOWLEDGE / COMPUTER PROGRAMS / PATENTS / TRADEMARKS / DESIGN / METHODS SYSTEMS / PROCESSES / PUBLICATION
WHEN CODIFIED, DEFINED WRITTEN OR COMMITTED TO MEDIA FORM
THE COMPANY’S INTELLECTUAL ASSETS CAN BE MOVED / LEASED / SOLD.
WHEN THESE INTELLECTUAL ASSETS ARE LEGALLY PROTECTED, WE CALL THEM INTELLECTUAL PROPERTY
STRUCTURAL CAPITAL
THE SUM OF A COMPANY’S TANGIBLE ASSETS INCLUDING FINANCIAL ASSETS / BUILDING / MACHINERY 7 EQUIPMENT / MANUFACTURING FACILITIES / DISTRIBUTION CHANNELS / SALES OUTLETS
CUSTOMER CAPITAL
THE SUM OF A COMPANY’S CUSTOMERS INCLUDING THEIR NAMES / CONTRACTS / CONTACT DATABASE / LOYALTY / SATISFACTION / REFERENCES / TESTIMONIALS / FUTURE REVENUE
HUMAN CAPITAL MANAGEMENT TOOLS & STRATEGIES TO DELIVER PERFORMANCE RESULTS:
TO MAXIMIZE RETURN ON INVESTMENT, EMPLOYEE SELECTION & DEVELOPMENT TO BE INTEGRATED. HR STRATEGY IS”HIRE TO RETIRE”
INTEGRATE TOOLS & PROCESSES ASSOCIATED WITH PEOPLE & PERFORMANCE
TO REALIZE ORGANIZATION OBJECTIVE, ALIGN NEEDS OF INDIVIDUALS WITH ORGANIZATION GOALS
TO DELIVER RESULTS,
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