We live in the digital age. In that of technology that advances at a dizzying pace.
In other words, a new industrial revolution.
And as in those we have already lived throughout history, many people approach it with fear.
Having the feeling that a new technology will replace us is not easy to manage.
What many people don’t want to see is that no matter how much technological progress there is, human capital always has to be there.
That’s what we work on in this article.
What is human capital?
Human capital is the set of knowledge, skills and attitudes of workers that the company has to achieve its business objectives.
In other words, it is the intellectual capital that the entrepreneur, through good talent management, can transform into operational performance.
Why is human capital the most important in the company?
Despite what has already been mentioned, there is concern about technology taking over many jobs, the reality is that there is no company that works or has worked without at least one person.
Needs may change, but the human capital factor is still there.
People are the axis and the heart of the functioning of all of them.
And no matter how much progress there is, this will not be able to change.
How important is human capital in organizations?
When we have a company in our hands, no matter what the activity, we must be aware that three types of resources are needed: economic, technological and human.
And, if there is to be harmony, they have to be balanced and managed wisely. Only in this way can it work successfully.
In the event that one of the three fails, it will be like a tripod limping.
Without the economic factor, the company falls, if the technological factor does not work today, the company is twisted… And without at least one human, it cannot be managed in any way.
In addition, trying to compete on products, services and prices today is practically impossible. Let’s not even talk about the technological breakthrough anymore.
Therefore, the differentiation that helps make the difference between your company and that of the competition, is found in individuals.
Fortunately, for us, there are not two people alike and we can take advantage of that.
How to effectively manage human capital?
If you are wondering how to manage human capital, it is important to analyze what large companies do to achieve it.
In this type of analysis, three essential points are highlighted.
- Have a good selection system.
- Establish a continuing education program.
- Design and prepare talent management plans.
Let’s see them one by one.
Have a good selection system
The selection of human resources is of prime importance.
In this aspect, the candidates who apply for the position to be covered must be analyzed.
To do this, you must find out the professional skills, what their values are and to what extent they identify with those of our company.
What motivations do they have? How much interest do you have in the role? Does it fit with the philosophy and way of working of our company?
These are just some of the questions you should ask yourself.
Establish a continuing education program
Contrary to what many people think, capacity and creativity need constant stimulation.
Training is a way to motivate not to fall into productive routines.
In the end, training the human team is also betting on having greater competition and increasing performance and productivity.
Design and prepare talent management plans
These types of plans help us to be more competitive, as they allow us to face new situations.
Through performance evaluations, leadership development and the design of training pathways, career plans can be established to achieve new professional competencies and increase the feeling of belonging to our company.
Should we invest in our human capital?
For the management of any company, it is essential to ensure that you have a human team that has the best skills, knowledge and attitudes to have a motivated and happy team.
Therefore, investing in our human capital should be part of one of the most valuable assets for your organization.
Why? For the simple fact that it is directly linked to obtaining new technological and economic resources.
How can we invest in our human capital?
In addition to the aforementioned trainings, investing in team building activities is a great decision.
Since Team Building encompasses a wide variety of activities that have been oriented and structured to improve the performance and motivation of the workers of your company.
At Human Towers we are experts in developing leadership and team building skills based on the Casteller’s philosophy and all the relationship it has with the business world. If you are interested in investing in your human capital to transfer a philosophy that rewards teamwork, communication and collaboration, send us a message and we will contact you to start creating that team of which you will feel proud.