The Changing Face of Human Capital Development
Human Capital is the knowledge, experience, competencies, skills, and virtues possessed by the workforce. It is the economic value of the entire workforce of an organization. Thus, Human Capital Development is a continuous process to improve the performance and productivity of your employees. If the question is, ‘how do you make your workforce more efficient and effective?’, then human capital development is the answer. Human Capital Development involves everything starting from training and on-the-job learning to team talent development and physical well-being. Undoubtedly, it is the most valuable investment that you can make. Investing in human capital would increase productivity, employee retention, long-term associations, better client relationships, and bring more creativity and innovation at work. But how do you ensure that you are on the right track? Here are four easy steps to ensure that you don’t miss out on anything • First, estimate the ROI of your...