To define human capital, we must talk about the economic value of a person’s professional skills. Then, it can calculate the value of the future benefits that a person hopes to obtain from their work if financial capital to human capital, the total wealth of a person is accepted.
Importance of human capital
It is the most important part of any organization. It refers to the productivity of workers depending on their work experience and training.
When talking about an opportunity, human capital represents the resources that a company has. It is related to the old concept that established the human capital area as the central part of the production factor regardless of its formation.
Each company’s training for its human resources is a different investment, and that should be valued depending on the profitability that you expect to obtain from that investment.
The educational quality of the population and the knowledge obtained are decisive since it is thanks to them that skills. However, education should not be strictly formal, so each company’s training for its human resources is a different investment. That should be valued depending on the profitability that it expects to obtain from that investment in human capital.
The current training processes of most companies increase the competence and productivity of employees since any corporation depends on their talent and capacity. However, a company is only as good as its employees, so they pay special attention to personnel management, selection, and optimization.
What is the success of a business?
To sales strategies and good ideas, it is necessary to add the essential role that human resources departments play in the growth of an organization.
The true importance of human capital lies in knowing the critical role that workers play in carrying out those essential tasks to achieve a company’s success. After all, the greater the capacity of the human team, the more efficient the studies carried out within the business will be, and the proposed objectives will be able to be met.
The human resources department is essential to recruit the best possible team. Still, it is also necessary for the training and adaptation of the organization’s members. The greater the understanding of the workers with the values of the company and the objectives, the better their performance will be.
The work of this department, contrary to some thoughts, should not only be limited to administrative issues but should also promote a pleasant work environment in which commitment and a sense of belonging among employees.
How to motivate the workers of your company?
Although it may not seem like it, salary is not everything. Despite anyone pursuing fair pay, employees must be motivated to do their best in their jobs. There are a large number of factors that influence this:
1. The objectives of the team members have to be the same as those of the company
It means that should bring staff together regularly to establish common goals and objectives. No one should be left aside. All people need to be taken into account to participate actively and motivate themselves, make an effort, and have a more significant commitment.
In addition to the common objectives, each worker must have his own so that he wants to improve himself every day and collaborate in the team’s success.
2. Listen to the workers
It is very important to take into account the opinions of the workers. On many occasions, they can see and experience situations seen with different eyes from the management department. In this situation, active listening and fluent communication will contribute to a good work environment and productivity.
3. Observe and meet team members
To achieve a cohesive work team, you have to work. Still, you can also organize different activities outside the workplace that help relax the mind and strengthen the bonds between team members.
4. Assignment of responsibilities
Each employee must be in a position that matches their professional competencies and skills. If a person is in a place for which they are not qualified, either due to insecurity or over qualification, we easily demotivate them.
5. Recognition of workers
Recognition consistently provides positive feedback. A token of appreciation costs nothing, but it has significant meaning because the employee feels that their effort is worth it.
In this way, you will feel important in the group and the company, which will motivate you to continue working.
6. Possibility of promotion
Today’s workers seek personal growth. Therefore, most offer the opportunity for them to fully develop their skills and learn new things, whether or not they are related to their specialization.
Knowing these keys, which are extremely useful to achieve work motivation, how important it is to keep human capital area intact, it only remains to begin to carry them out.