HUMAN CAPITAL MANAGMENT : AN EMERGING TREND IN H.R
POORNIMA SCHOOL OF BUSINESS MANAGEMENT
ISI-6, RIICO Institutional Area,Goner Road, Sitapura, Jaipur
I express my sincere thanks to my project guide Ms. Meenakshi Sharma and Ms.Preeti Tak, Designation Faculty, Department of management studies Poornima School of business management, Jaipur, for guiding me right from the inception till the successful completion of the project. I sincerely acknowledge her for extending their valuable guidance, support for literature, critical reviews of project and the report and above all the moral support they had provided to me with all stages of this project. I would also like to thanks Mr. R.K. Agarwal and supporting staff faculty members of Department of Management Studies Poornima School of business management, jaipur, for their help and cooperation throughout our project.
Thanks to all,
As we know that M.B.A programme is more concern with the practical aspect of the business world. The M.B.A students need to gain more and more practical experience. It is not possible for them to have this from classroom lectures only. So in the Second Semester the students have to undergo with the Project Report.Theoritical knowledge just provide a base therefore research project is an essential requirement for an MBA student.
Human capital is increasingly a factor in Management & Asset pricing. A growing number of finance executives think that human capital is important in determining the price of an acquisition. Today, 45 percent report that it is very important and in two years, 59 percent believe it will be. Few explicitly consider human capital value when making layoff decisions.
Despite a growing recognition that human capital is a source of value, relatively few make a serious attempt to weigh the value of skills, knowledge, and experience lost against payroll savings when making layoff decisions. We found that only 38 percent do so to a “considerable” or “great” extent.
changing opinion of human capital in organizations now tend to view human capital less as an operating cost and more as a source of value. We asked respondents to place human capital along a five point spectrum, with the value “1” being mainly an operating cost and “5” as mainly a source of value.
The only vital value any enterprise has is the experience, skills, innovativeness and insights of its people.
The success of any company will depend on its ability to understand how human capital links to its performance and its wealth. The most competitive companies will have the best strategies and methods for attracting, hiring, managing, developing and retaining top performing talent. Managers need training on how to apply human capital management (HCM) principles and methods to business strategy and performance. Today, we are going to learn about several new management tools and how others are using them to reach their business goals HUMAN CAPITAL MANAGEMENT
Human capital management (HCM) has been described as 'a paradigm shift' from the traditional approach to human resource management defining the concept of human capital management and its relationship to the concept of human resource management. To understand HCM it is necessary to know about the concept of human capital. Human capital management (HCM) is concerned with obtaining, analyzing and reporting on data that informs the direction of value-adding people management, strategic investment and operational decisions at corporate level and at the level of front line management HCM is this use of metrics to guide an approach to managing people that regards them as...