3GE Collection on Business Management: Human Capital Management

As organizations become more digital, they face a growing imperative to redesign themselves to move faster, adapt more quickly, learn rapidly, and embrace dynamic career demands. Leading organizations are moving past the design phase to actively build this new organization. The need for educated, skilled and technically savvy employees continues to ramp up and is no doubt driving these recruiting difficulties and highlighting the importance of human capital issues. Organizations specifically looking to increase market share across borders find themselves not only competing for business, but for talent and sustainable labor costs as well. Globalization is no longer just the domain of very large organizations in developed countries. Today many organizations in every country compete in a global environment. Our world is more distributed and consumer oriented than ever before, and mobile technology is a bridge to higher expectations for the ever expanding middle class. Customers and workforces are merging into single entities, creating solutions and experiences that suit their individual needs. Innovation and a sense of connection is the currency of this global generation, and they expect all of their technology interactions to leverage those expectations. The relationship between an organization and their workforce is more complex than ever, technology plays a major role in allowing organizations to engage an ever growing pool of global talent. By managing HR about the most critical business challenges, especially as they relate to human capital issues, we can uncover important insights into how the workforce is changing and how organizations will deal with these changes in order to succeed.

This book aims to provide key approaches to assist managers to make decisions by objectively evaluating their Human Capital Management (HCM) and projecting profit increase generated by HCM. An enterprise as a social system emphasizes economics and the social dimension of the enterprise - the interests and preference human factor. Employees are the pillar of an organization. An organization can’t survive if there are no employees. Organization goes with the help of individuals who contribute in their own way in its success and productivity. Employees spend maximum part of their day in offices and strive hard to achieve the goals and objectives of the organization. Employees ought to be motivated from time to time so that they develop a sense of attachment towards their organization and also deliver their best. Human capital (HC) plays a crucial role in increasing the productivity and output of an organization. This volume describes how HCM provides a bridge between human resource management and business strategy. This book is intended to students as well as assists managers better manage their organizations' most important asset their people.