hi , i would like to know about human capital management & intellectual capital management . i want guidance on these topics
From India, Hyderabad
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From India, Hyderabad
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Dear Colleagues,
To my mind, Kailash might just be talking about the same concept in HRM.
However, I would offer my own opinion as follows:
Definition: Human Capital Management - this is the management of the intellectual quality and capacity of an organization. This unit confirms the certification, the need for relevant courses to be attended, organizes in-house training when necessary, and also implements training recommendations sent in by line managers of employees.
One thing of note is that emphasis has to be on the intellectual quality of the workforce as opposed to numerical strength. Here we can ask the following:
- How many chartered accountants do we have?
- How many CCNA/CCNP Network/System Integrators do we have?
- How many Masters/MBA degree holders are available in the Firm, etc.?
On the other hand, as mentioned above, Intellectual Capital becomes the pool of all these intellectual qualities available from one Department to another in a given organization.
For instance, in the ICT environment, the higher number of CCNA/CCNP certified engineers you have in an organization, the more marketable the firm becomes, especially if it has to do with Network assignments.
However, the task of the HRM would not be complete if he/she does not put in place a process of Knowledge Management whereby intellectual knowledge sharing is encouraged by colleagues up and down the career ladder.
There is a popular saying - "Every day your Human Capital Closes From Work - are you sure of who is returning to work the following day?"
In essence, they go home with their intellect and might never show up the next day.
Hence, Managements of Companies should find ways of tapping into highly intellectual employees by engaging them in activities such as writing papers, making presentations, being resource persons, organizing workshops, seminars, etc., and making all these available on the Company's servers for employees to access and read anytime. At the same time, a part of them is left behind even if they have to leave.
Thanks.
From Nigeria, Lagos
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7To my mind, Kailash might just be talking about the same concept in HRM.
However, I would offer my own opinion as follows:
Definition: Human Capital Management - this is the management of the intellectual quality and capacity of an organization. This unit confirms the certification, the need for relevant courses to be attended, organizes in-house training when necessary, and also implements training recommendations sent in by line managers of employees.
One thing of note is that emphasis has to be on the intellectual quality of the workforce as opposed to numerical strength. Here we can ask the following:
- How many chartered accountants do we have?
- How many CCNA/CCNP Network/System Integrators do we have?
- How many Masters/MBA degree holders are available in the Firm, etc.?
On the other hand, as mentioned above, Intellectual Capital becomes the pool of all these intellectual qualities available from one Department to another in a given organization.
For instance, in the ICT environment, the higher number of CCNA/CCNP certified engineers you have in an organization, the more marketable the firm becomes, especially if it has to do with Network assignments.
However, the task of the HRM would not be complete if he/she does not put in place a process of Knowledge Management whereby intellectual knowledge sharing is encouraged by colleagues up and down the career ladder.
There is a popular saying - "Every day your Human Capital Closes From Work - are you sure of who is returning to work the following day?"
In essence, they go home with their intellect and might never show up the next day.
Hence, Managements of Companies should find ways of tapping into highly intellectual employees by engaging them in activities such as writing papers, making presentations, being resource persons, organizing workshops, seminars, etc., and making all these available on the Company's servers for employees to access and read anytime. At the same time, a part of them is left behind even if they have to leave.
Thanks.
From Nigeria, Lagos
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Welcome to citeHR.com It’s require experience if just don’t want to manage by IP rights. Any Guess ? which branch of science may apply :shock:
From India, Delhi
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From India, Delhi
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Hi, You can read the book " A Handbook of Human Resource management practice", 8th edition, Michael Armstrong, ISBN 0-7494-3393-0. Enke
From Mongolia, Ulaanbaatar
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From Mongolia, Ulaanbaatar
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As per my understanding, Human Capital Management deals with the science of measuring HR. It's about ROI and HR. How do we calculate the value HR brings to the organization?
Check this book:
The ROI of Human Capital: Measuring the Economic Value of Employee Performance by Jac Fitz-Enz [Link: http://www.amazon.com/exec/obidos/tg/detail/-/0814405746/qid=1111166787/sr=1-1/ref=sr_1_1/103-5478708-7079026?v=glance&s=books]
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Check this book:
The ROI of Human Capital: Measuring the Economic Value of Employee Performance by Jac Fitz-Enz [Link: http://www.amazon.com/exec/obidos/tg/detail/-/0814405746/qid=1111166787/sr=1-1/ref=sr_1_1/103-5478708-7079026?v=glance&s=books]
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Applied Human Capital Management.pdf