The largest problems facing businesses isn’t competition, globalization, or access to capital. It is something else, something embedded in the fabric of organizations as their most important asset. Human capital, the people who make organizations work, is one of the largest single issues being faced in today’s business environment.
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Why is this so? With all of the tech-savvy individuals entering the workforce, both highly intelligent and technically proficient, why would they be identified as the “root of quality problems” within an organization? Basically it has more to do with what people don’t have vs. what they have in the way of knowledge, skills, and competencies (KSC). Technically, they are in high demand and fit for purpose (i.e., they meet the needs of the job). Culturally, however, they are lacking some important KSCs: the soft skills.
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Comments
"Human Capital." Ouch.
I'm sure plenty of folks don't mind the term, but for those of you who cringe when you read or hear "human capital" you might find Henry Mintzberg's "Managing Quiety" (Leader to Leader, No. 12, Spring 1999) an interesting read. I quote: 'Quiet managers strengthen the cultural bonds between people, not by treating them as detachable "human resources" (probably the most offensive term ever coined in management, at least until "human capital" came along), but as respected members of a cohesive social system.'
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