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Human Capital Management

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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

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