Can you imagine a company being established and run without human intervention? No right. So why is that humans are not as valued as other assets of an organization.
In this article, we are going to discuss how most organizations forget to treat their employees as valuable capital. And the ways in which some companies are trying to change this trend by giving them the kind of importance they deserve.
The significance of Human Capital
Without human effort, it is next to impossible for any organization to perform at its peak. However, they still don’t hold much of a significance in the eyes of the employers. And we have observed this by looking at the culture of multiple organizations of today.
An organization’s culture says a lot about how its employees are being treated. According to a recent report, if organizations fail to encourage a culture that values their employees, it is a long way for them to achieve their goals, gain success and keep the investors happy.
A key component of an organization’s success is its human capital. All around the globe, CEOs have begun to realize how vital their workers and employees are, especially, for the success of their franchisees.
Basically, humans play a major role when it comes to corporate performance. So, if the employees of your organization are not nurtured and deployed the right way, it can have an adverse effect on the earnings and exhibit obvious flaws in the corporate environment as well as governance.
Measures companies are taking for developing human capital
If you begin to consider human capital as a valuable resource, you will automatically start caring about it and make use of it in the greatest possible manner.
Nowadays, employees crave for knowledge. They seek mental as well as career growth. And that’s what organizations need to take care of. They are required to integrate effective tools into their operations that can help the staff members learn more about the subjects related to their job.
As a matter of fact, blending a career growth plan for your employees with potent education & training projects is the best way for renewing and developing human capital. If a company is not giving a chance to its employees to grow, it is pretty obvious that they will look for means outside of work to help them learn and grow.
Keeping in mind the future development of the employees, Organizations in increasing numbers are motivating their employees to mingle with their seniors by organizing well designed mentoring programs.
Most big organizations assign this duty to the chief of human resources officer who makes sure that the employees are developed the correct way by providing them with the encouragement that they need to push themselves and work hard towards achieving the company’s goals.
Today’s HR leaders have taken up the responsibility of human capital management solemnly. Especially, the Chief of human resources who is constantly creating new schemes for the employees to bloom and perform to their full potential.