Human Capital Management
- March 12, 2022
- Posted by: Phillip Author
- Category: Uncategorized
MANAGING HUMAN CAPITALOverview
Role in Managing Human Capital
Today’s Human Capital Management approach perceives employees as assets (human capital) whose current value can be measured with metrics and whose future value is also measurable and can be enhanced through investing in the development of employees.
At the same time, the HR department must show compassion for the various situations in which employees find themselves.
Small organizations often have team members performing multiple HR roles, such as benefits administration, recruitment, selection, payroll, and employee development/training. Normally, larger companies have at least one person in each of these areas. If a company’s HR team is too small for its number of employees, it is likely that employee dissatisfaction will rise because of delayed response times regarding resolution of issues. For example, an HR manager may not understand the timeliness needed for hiring replacement employees for various departments. If that happens, improvement in communications among departments is needed. If a new employee must wait for a busy HR staff member to update insurance records, filing deadlines could be missed.
All organizations, however, must follow employment laws and regulations related to discriminatory practices, retaliation for whistle blowing, or other serious issues. SLP Assignment
For this SLP 1 assignment, consider what you have learned about the “Human Capital Management” approach to Human Resource Management and child labor practices that are reported to still be occurring in some U.S. companies overseas.
Using the Trident Online Library, research two US companies that have been found to use child labor. In your submission, discuss what the companies are doing to dispel the shadow over the companies because of this practice. Also discuss what role the HRM has to develop a culture where all employees, regardless of age or nationality, are valued and treated as assets.
In addition to the three background readings listed above, find at least one other high-quality source from the Trident Online Library to support your essay. (High quality sources are found in peer-reviewed journals and textbooks.)
Submit the 2- to 3-page SLP Assignment submission into the appropriate drop box by the Module 1 due date. The page count does not include the cover page or reference list page. The title at the top of page two should be the title you give your submission, not “Introduction” although the first paragraph of a paper is always an introduction. There is also a conclusion required at the end of this assignment that is a synopsis of your findings uncovered during the process of completing this assignment.