What is the director of human capital?
Employees are sometimes referred to as human capital, because, like other assets, employees are considered as assets to form income. The director of human capital is responsible for the recruitment, training and management of employees. In many cases, the duties of the director of human capital overlap with the duties of human resources staff (HR). Despite some of the apparent similarities, the staff of human resources are mainly involved in employees' relationships, while the director of human capital deals with the maximization of the company's return on its investment in its workforce.
The director of human capital develops a personnel model for a company or organization. Before deciding how much human capital to each division of the company allocate, how much human capital it allocates, how much human capital it allocates to each company division. In addition to the assignment of employees, the director also has to decide how much money to assign each department to cover wages and employee benefits. The director can opt for all the worldShin of the company's resources on the most important division of the company. During the recessive periods, the director may have to decide to release a large number of employees to reduce the initial costs of human capital.
In order to maximize efficiency, the director of human capital must look for ways to streamline corporate operations. If employees perform some of the same types of functions in separate departments, the director may decide to assign all these obligations to one of the departments so that the workforce in another department can be reduced. In addition, local laws, taxes and expenditures on public services may mean that it is more cost -effective for the company to employ a large number of workers in one region rather than in another area where operating costs are higher. Director must ensure that appropriately qualified candidates are found to occupy the job before moving operations from one ObAsti to the second area.
Over time of business needs and technological progress, the work duties performed by most employees may change. The director must follow the department's managers to ensure that descriptions of job jobs accurately reflect the nature of the work. Companies are wasting time and money if job descriptions contain inaccurate information, as a large number of poorly qualified candidates can be asked for these jobs. In addition, technological advances ensure outdated types of positions, so the director must make sure that the company uses these progress and reduces human capital costs.
The Human Capital Director must ensure that new employees and existing workers receive any necessary training and teaching in the workplace. The directors must decide whether it is more cost -effective to hire and train employees unlike the already experienced staff. In addition, the director must decide whether to be more cost -effectiveTo tie internal trainers rather than to close independent suppliers to lead seminars for employees training.
Most of the time, the directors of human capital have a university degree in business administration or related areas. Some companies require directors to have an advanced title in human resources or business management. Most directors usually work in HR or management a few years before switching to the position of director.