Module 1 – SLP MANAGING HUMAN CAPITAL Overview Role in Managing Human Capital To

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Module 1 – SLP
MANAGING HUMAN CAPITAL
Overview
Role in Managing Human Capital
Today’s Human Capital Management approach perceives employees as assets (human capital) whose current value can be measured with metrics and whose future value is also measurable and can be enhanced through investing in the development of employees.
At the same time, the HR department must show compassion for the various situations in which employees find themselves.
Small organizations often have team members performing multiple HR roles, such as benefits administration, recruitment, selection, payroll, and employee development/training. Normally, larger companies have at least one person in each of these areas. If a company’s HR team is too small for its number of employees, it is likely that employee dissatisfaction will rise because of delayed response times regarding resolution of issues. For example, an HR manager may not understand the timeliness needed for hiring replacement employees for various departments. If that happens, improvement in communications among departments is needed. If a new employee must wait for a busy HR staff member to update insurance records, filing deadlines could be missed.
Legal Compliance
All organizations, however, must follow employment laws and regulations related to discriminatory practices, retaliation for whistle blowing, or other serious issues.
This SLP assignment looks at an interesting contrast between company ideals and actual practices. For example, we are looking ahead to how employees should be viewed as assets. First, view the four potential futures identified by Deloitte for the worker-employer relationship:
Work as fashion
War between talent
Work is work
Purpose unleashed
Each video is less than 5 minutes long and is found in the following link:
Deloitte (n.d.). On the line: A video series on the worker-employer relationship: From the 2021 Deloitte Global Human Capital Special Report.
https://www2.deloitte.com/us/en/pages/consulting/articles/
employer-employee-relationship-human-capital.html

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