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Why Human Capital so Vital to Organisation
Human capital refers to the employees who work for the organisation, is the key outcome to differentiate between successful and failure organisations. It is an intangible asset that an organisation must recognise if they are to succeed. Human capital has been demonstrated that it is very important to organisation in the sense that they can maintain and/or create substantial competitive advantages over their competitors in this increasing competitive business environment. Otherwise, without the strength in competitive advantages, organisations will easily drive out the industries by their competitors.
Human Resource Management (HRM) professionals and Human Resource (HR) departments are integrated to facilitate organisation to create satisfactory performance and to get sustainable economic benefits in fostering human capital within the organisation. HRM professionals are responsible to develop strategies and implement it throughout the organisation in order to smoothing the organisations' operation and processes.
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- Why Human Capital so Vital to Organisation
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