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Utilization of Human Capital Resources Essay Example

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Utilization of Human Capital Resources

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Utilization of Human Capital Resources. “Human capital is a fundament element in improving firm resources and workers in order to increase productivity as well as sustain competitive benefit. To withstand competitiveness in the organization human capital becomes an instrument used to increase output” (Mondy & Gowan, 2005). Human capitals denote to procedures that relate to teaching, tutoring and other proficient creativities in order to increase the levels of knowledge, skills, capabilities, values, and social assets of a worker which will lead to the worker’s gratification and performance, and finally on firm performance. Human capital is a vital input for societies particularly for workers’ nonstop improvement mainly on expertise, skills, and abilities.

The continually changing business environment needs firms to strive for superior competitive rewards via dynamic business plans, which combine imagination and innovativeness. This is basically important for its long-term sustainability. Unquestionably, human resource input plays a noteworthy role in enhancing firms’ competitiveness. At a scan, considerable studies were carried out on human capital and their inferences on firm performance were extensively covered and clearly, the human capital enhancement will lead to greater competitiveness and performance
Personal needs are very important. In regards to this both employees and employer, have personal needs to work on for instance employees have families, events and outside work events, they regard important. Organizations have products and services to supply to consumers and requirements to stakeholders and shareholders. Knowing this tension, some proprietors are affecting more creative tactics to attain a happy medium. They have understood that gloomy, frustrated employees are not fruitful and original. Communicate with employees to identify and implement the support they say they need. Educate them on rules presently available to them Interconnect with employees as this will help to identify and affect the support they say they want (Mondy & Gowan, 2005). Utilization of Human Capital Resources.

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Lussier, R. N., & Hendon, J. R. (2013). Human resource management: functions, applications, skill development. Thousand Oaks: SAGE Publications.

Mondy, R. W., Noe, R. M., & Gowan, M. (2005). Human resource management (9th ed.). Upper Saddle River, N.J.: Pearson Prentice Hall.

Noe, R. A. (2006). Human resource management: gaining a competitive advantage (5th ed.). Boston, Mass.: McGraw-Hill.

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