Compete Strategize With Human Capital By Dr Ekta Sharma

 Value of Human Capital Of course, human resource professionals have long understood the value of human capital and they have struggled to find a way to communicate this value. That is the very essence of human resource management today: to define the value of human capital, to find ways to accurately measure it, and to ensure the investment in and protection of this human capital. Anything less, and HR professionals have failed their organizations. And yet this process is replete with problems and obstacles. Calculating the value of our employees is difficult because they are not like any other asset; they are simultaneously the greatest potential asset and the greatest potential liability that an organization has at any given time. They are the only intangible asset that can be influenced but never completely controlled. A company can invest heavily in its human capital, or it can waste it without a care. Either way, the human capital still has its inherent value, but perhaps...

 Human resource across globe is observing sharp trends. Furlough, hiring freeze, great resignation, moonlighting and now once again layoff.  Elon Musk decided for mass layoff at Twitter few days back. Now, Zuckerberg announced layoff of 11,000 employees of Meta. Those who could survive this lay off  are also grappled with fear of their future at work. Its the great example and time to observe 'Survivors syndrome', defined as the fear amongst the employees who survive after the company's decision to lay off the other colleagues.  The issue is grave but I am startled with the other issue- Workforce planning, strategic human resource management. The reason to raise these issues is the news about the employee who joined meta two days ago and for joining his job he relocated to the other country (Canada) where he was assigned work. Just two days into the new job and new location, he was informed that he was laid off (Times of India, 11th Nov 2022. Pg.13, column 2). Doesn'...