What are the different types of human capital strategy?

Human capital strategy simply refers to methods or strategies that the organization can use to increase its base of human capital. Human capital refers to knowledge and skills that different employees in the organization. Examples of human capital strategy include actions such as hiring or recruitment, training and development of employees, human capital lending and acquiring human capital through acquisitions and mergers. This is one of the most basic aspects of the strategic business plan of any organization, because the right human capital can often mean the difference between success and failure.

The most common strategy of human capital is to start recruitment exercises aimed at identifying the required human capital. The department of human resources is usually responsible for identifying labor requirements in society, including projections on probable future requirements for the workforce of the organization. Whenever he has oOpening, the department of human resources, will be involved in recruitment units, which may include advertising for open vacancies, setting up interview data, performing interviews, as well as related to various candidates.

Another type of human capital strategy is training and further development of existing employees, which is also the responsibility of the human resources department. This method includes functions such as training, personal development courses, seminars and other types of activities aimed at increasing the knowledge and experience of workers. Increasing the knowledge and experience of capital of different employees will benefit the company by increasing production and an adequate increase in production and profit.

Lending is a strategy of human capital, which includes the limit of knowledge and expertise of professionals and experts in various related fields. Examples of such experts are consultants who oneThe souls lend their knowledge to different businesses on the basis of a contractual basis, not a long -term association. For example, the organization may decide to engage the services of an international logistics consultant to help her with his plans to open offices in another country. Such a consultant will use knowledge and capital experience to help scout companies for the perfect website, exploring local customs and labor laws and searching for local business partners. Companies also acquire human capital during mergers or acquisitions of the absorption of the best employees from the previous company.