Human capital management, how to optimize it correctly?

La human capital management It consists of a series of processes applied in organizations to improve and optimize each activity where human resources are involved.

Human capital management

In any organization, whether public or private, it is important to carry out strategic plans based on the optimization of processes, taking into account the development of human capital, the idea is to seek the joint growth of the entire administrative and productive component of the company.

Human factors are decisive for a company to achieve the proposed objectives. The goals are achieved when the workers and employees have sufficient capacity and motivation to achieve the medium and long-term objectives, the business line must be focused on these actions, where they have a specific weight within the planning of annual activities.

Concept

In the business world, it represents a way of managing actions that lead any organization to the comprehensive development of its operations. To consolidate the management of human capital, it is necessary to carry out processes that involve various factors, these must be administered and managed by managers and trained professional staff.

As time goes by, new work tools are implemented, directly related to the growth of the organization. These focus on the preparation and training that allow optimizing each work unit, the profiles of the workers are analyzed to seek balance and whether to improve working conditions and production capacity.

Managers are part of a leadership team that must focus on establishing human capital management. It is important to provide alternatives of competence in each work unit, where the objectives can lead to internal growth and development, in order to increase the general capacity that can question aspects that motivate and promote development.

In the following article Classification of companies you will be able to know aspects related to this theme.

Main objectives

Each organization sets different goals depending on the type of business or branch to which it is dedicated, it is not possible to establish human capital management plans in financial companies similar to those applied in productive or service-type companies, it is important to identify which ones they are the real objectives of the company to be able to manage the resources.

However, in each organization there are aspects that can be approached from a general point of view. Which allows them to be applied to any organization, these general objectives are applied by the leaders of the companies, let's see:

• Analyze, identify and manage the needs of the entire human component of the organization, the idea is to carry out improvements for individual and corporate growth.
• Promote ideas that help the organization achieve the objectives, that is, when there are adversities or problems, establish various strategies to solve it and not deviate from the real objectives.
• Constantly review the status and quality of workers, observing their situation in each of the areas, the idea is to promote the growth of skills to be able to apply training that helps their training and growth.
• Establish criteria based on moral values ​​and respect. It is important that workers have a sense of belonging where the spirit of work leads them to achieve the proposed goals.
• The new talents that are entering the organization must adapt to the achievement of actions that allow seeking optimal performance. This is a necessity that each company must grant to the management of human capital, which will determine over time, the implementation of actions to promote productivity and growth among staff.

what are the bases

In any human capital management process, there are basic foundations that support actions and procedures. These must be granted as competence to all the work teams to carry out the fulfillment of the operational plans, these bases include the following:

Legal aspects

It is considered one of the main factors to carry out management. It helps to manage and apply in an ideal way the laws that protect each personal and administrative action of the organization. It is important to maintain the criteria of legal commitment in order to maintain a stable and balanced relationship with all workers.

Commitment

Creating situations where employees feel comfortable is a situation that every manager should consider when he wants to carry out human capital management strategies. The commitment of the workers grows when there is trust and empathy with the organization, likewise it should not only be directed to the commitment of the employees, the supervisory directors and even the managers must assume commitments towards the company.

Everyone must know how far their powers go so as not to exceed or exceed their functions. The empathy that is generated between the human resource and the organization is achieved through procedures, it must be linked where employees are taken into account in labor actions; also related to increased commitment are among others:

• Reinforce the positive actions of each worker, considering and valuing the effort.
• Establish true and reliable communication where employees can be heard, in order to help them solve their problems.
• Implement processes where prizes are incorporated to motivate actions, these must be treated without any type of privilege, it is important to use the evaluation by competence.
• Among the incentives, it is good to grant them in a tangible way, especially in currency or simply through recognition where the worker's self-esteem increases with each action.
• Vocational training
• In order to achieve growth throughout the organization, it is important to make investments in various areas. In this case we refer to the investment made in human capital, it is a commitment of each manager and should be part of the policy of any company.
• Personal growth and development of intellectual abilities directly influence the growth of companies. Investing in personnel is a vitally important task, when work teams have trained personnel, activities and processes are carried out with greater efficiency.
• Training and human development programs must consider aspects in an organization where the majority of workers in their area can be considered, without underestimating or isolating those with less capabilities. Rather, it is on that human factor that strategies must be focused, let's see:
• Strengthen internal communication where formality is the way in which relationships are established in the company, informal communication should be minimized
• Implement the application of courses, workshops related to the areas where workers have more disadvantages.

Increase the image of the organization

The promotion and defense of human capital management must be carried out by managers and professionals dedicated to the area of ​​human resources. Each organization must have an administrative unit to manage all processes related to this matter.

The idea is to increase the corporate image of the company in short periods. In this sense, the values ​​and competencies of all work units must be reinforced in order to seek with the application of work methods and the optimization of processes, so that in this way the goals can be achieved.

The effort should also focus on promoting advertising campaigns if the directors or owners of the companies consider it so, to carry out strategies based on business branding and marketing. The idea is to look for business alternatives where companies with very optimal management can be involved.

In this sense, we invite you to read the article Management accounting where aspects related to this topic are detailed.

Apply technological tools.

This process greatly helps to manage and measure the level of capacity and growth that helps to know the level at which the organization is. To measure the quality of human capital management, it is necessary to use technological tools to generate reports and data that reflect the real status of the company.

Today there are many software that help process data and information related to management faster. It is not necessary to hire private supervisors or auditors to know if the administrative, financial and productive operations are being carried out according to the corporate plans, the software helps to observe the following:

• Carry out the procedures for the recruitment and selection of personnel as well as the follow-up of future candidates.
• Keep data from the digital files, the activity history of each worker and establish an evaluation program that allows performance to be measured in various periods.
• Present informative bulletins where actions are scheduled and activities can be carried out to involve workers.
• Periodically complete the various forms that are generated in each area.
• Establish payroll calculations, social security discount, loans or other deductible generated by the payroll, it is important to have a reliable system.