Assignment: Managing Human Capital
Length: 5 to 7 pages or 2300 words.
One of the defining responsibilities of a human resource professional is to effectively manage human capital. There are many strategies and tactics that can be employed, including certain recruitment and selection techniques, compensation incentives, and training and development. In whatever strategies and tactics are taken, the intention is to assist senior management in creating and sustaining a well-structured and well-managed operation. The most important measure of organizational effectiveness for a business is usually expressed in terms of how well its net profitability compares with its target profitability. Additional measures associated with organizational effectiveness can include, but are not limited to, an organization's growth data and customer satisfaction survey results.
With that background, write a paper that addresses the following:
a) Assess the term "human capital" and its relevance for an organization.
b) Discuss the role and function of human resources in relation to human capital.
c) Present four strategies that a human resource professional would propose to an organization to more effectively manage their human capital, including how a human resource professional would be an integral component of that plan.
Format your assignment according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the assignment, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.