How To Invest Wisely in Your Human Capital Development
The most important resource in an economy, and thereby in a business is a human resource – not raw materials or financial resources. If you have made the right investments in your human capital via human capital search, then you are on the right track, and success and profitability will automatically follow. But the question is – how to invest wisely in human capital development? #1 Understand what is human capital Before that – what is human capital? Simply put, it is quantifying the value that an employee brings in through his/her skills and competencies. When you put together the skills of all your employees, you see the intrinsic value of your organization. That’s your human capital – the economic quantification of the skills possessed by all your employees. Now investing in your human capital – developing skills, bringing in more employee engagement and welfare is in essence investing in your own company itself. What’s the RoI – higher productivity and g...