HRM on Human Capital Management
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Transcript of HRM on Human Capital Management
HUMAN CAPITAL HUMAN CAPITAL MANAGEMENTMANAGEMENT
Presented By
NEERAV SHIVHARE
Human Capital Management – Human Capital Management – What it is ?What it is ? Human Capital =
The sum of a workforce’s skills, knowledge and experience
Human Capital Management = A strategic responsibility increasingly shared by
all an organisation’s leaders A strategic approach to marshalling, managing
and maintaining the human capital needed to maximise organisational performance.
H C M CornerstonesH C M Cornerstones
Leadership Commitment to HCM Role of HC Function
Strategic Human Capital Planning Integration and Alignment Data-driven HC Decisions
Acquiring, Developing and Retaining Talent Targeted Investment in People HC approaches tailored to meet organisational needs
Results-oriented Organisational Cultures Empowerment and Inclusiveness Performance linked to organisatioanl goals
H C M – Fundamental H C M – Fundamental PrinciplesPrinciples People are assets whose value can be enhanced
through investment. The goal is to maximise value while managing risk.
An organisation’s Human Capital approaches should be designed, implemented and assessed by the standard of how well they help the organisation achieve results and pursue its mission
Source: United States General Accounting Office – March 2002
So What is Different??So What is Different??
No longer the sole province of the HR Function Increasing shift from “talk” to “walk” for all
disciplines HR traditionally seen as a cost centre but is
increasingly being seen as a strategic partner The business realities:
Collaboration and teamwork at Executive Levels in organisations
Collective input to Corporate Strategy at senior levels Increasing multidisciplinary exposure The push towards ‘value-added’
HCM in Context – evolving HCM in Context – evolving realitiesrealities DISEASE / PANDEMICS / HIV-AIDS
Loss of productive capacity the dead the living
Cost of care Individual National (allocation of resources)
Impact on the young human capital (orphans) Replacement costs
FTAA and CSME Mobility Competition for scarce resources (loss and cost)
Imperatives for Action at all Imperatives for Action at all levelslevels Regional National Professional Discipline Organisational Managerial Individual – Family
HCM is a societal issue manifesting itself and creating a mandate for action in all spheres
Revisiting HCM Revisiting HCM CornerstonesCornerstones
Leadership Commitment to HCM Role of the HC Function
Revisiting HCM Revisiting HCM CornerstonesCornerstones Strategic Human Capital Planning
Integration and Alignment Data-drive Human Capital Decisions
Staying alert and constantly checking
Utilising a Strategic Thinking Framework What’s happening? (exploring perspectives) What does it mean? (discerning significance) What might we do? (envisioning possibilities)
Revisiting HCM Revisiting HCM CornerstonesCornerstones Acquiring, Developing, Retaining Talent
Targeted investment in people HC approaches tailored to meet organisational needs
Conversations about “win-win” development Profitability of the “human spirit”
Creative action at critical leverage points Identifying key issues Connecting with “touchstone” people
Revisiting HCM Revisiting HCM CornerstonesCornerstones Results-Oriented Organisational Cultures
Empowerment and Inclusiveness Performance linked to goals
Creating Architecture Freedom within Frameworks Expectations and consequences
Empowerment Choice Competence Meaningfulness Progress
The Way ForwardThe Way Forward
Let us take our professional Let us take our professional leadership responsibility, leadership responsibility, guided by our personal guided by our personal understanding and commitment understanding and commitment and make a difference in the and make a difference in the way we manage our Human way we manage our Human Capital across the region!!Capital across the region!!
Our future, our organisations, Our future, our organisations, our people need our action!!our people need our action!!
!!!=THANK YOU =!!!!!!=THANK YOU =!!!