The Role of Human Capital Free Essay Example, 1500 words

Organizations are now recognizing the need for investing in their workers. They are starting to understand to remain at the top of the world s economy; they have to place more emphasis on retaining and developing their workers. Companies that appreciate the financial effect of their workers usually refer to them as human capital. Human capital is used to refer to the strategic value of the knowledge and abilities of an employee. This valued resource is very valuable in an organization. Human capital offers knowledge and skills to an organization. This ought to be applied where they will be productive and most effective. Employees are team players and as such, they have responsibilities that make the team successful. In their part, employees have the responsibility of managing those that are assigned to them. The success of any organization depends on human capital. There is nothing that goes on in an organization that has no employees. Employees also have the role of developing an o rganization, mostly in the growth of profits (Hieronymi, King Currat, 2004). Organizations are now recognizing the need for investing in their workers. We will write a custom essay sample on The Role of Human Capital or any topic specifically for you Only $17.96 $11.86/page Employees are team players and as such, they have responsibilities that make the team successful. In their part, employees have the responsibility of managing those that are assigned to them. The success of any organization depends on human capital. There is nothing that goes on in an organization that has no employees. Employees also have the role of developing an organization, mostly in the growth of profits (Hieronymi, King Currat, 2004). The introduction of technology in business resulted in an increase in trade and commerce. Business ideas and models underwent a revolution due to the introduction of technology. This is as a result of technology giving a new and better way of going about with business. It offered a fast, more efficient and convenient manner of performing transactions (Boutellier, Heinzen Raus, 2011). Some of the role of technology in an organization comprises of accounting systems, point of sale, management information systems and othe r simple and complex systems. Most of these make use of gadgets like computers in an organization (Richard, 2004). Technology offers support and security in an organization. With the automated processes offered by technology, there is higher productivity. With technology information is stored with integrity and ease, thus, enhancing confidentiality and security of information. Technology also pushes organizations further. Globalization has been enabled by the use of technology. Therefore, technology enables organizations to have a broader reach in the world market.