SlideShare a Scribd company logo
1 of 14
Family Business Battleground Surviving and Thriving in your Family Business www.FamilyBusinessBattleGround.com   The Importance of Human Capital in Business  http://www.globaledgeservicescorp.com/yahoo_site_admin/assets/images/Human_Capital.21964437_std.png
www.FamilyBusinessBattleGround.com Nobel Prize-winning economist Gary S. Becker, who coined the term “human capital,” says that “the basic resource in any company is the people”.  Surviving and Thriving in your Family Business http://cooperandassociates.biz/_wizardimages/group%20of%20business%20people.jpg
www.FamilyBusinessBattleGround.com The most successful companies and the most successful countries will be those that manage human capital in the most effective and efficient manner.  Surviving and Thriving in your Family Business http://121itn.com/230651-org.jpg
www.FamilyBusinessBattleGround.com Corporations are recognizing the importance of investing in their employees now more than ever before.  Surviving and Thriving in your Family Business http://www.messagingservice.com/blog/uploaded_images/20837316-723394.jpg
www.FamilyBusinessBattleGround.com Companies are beginning to understand that to stay on top in the global economy, they need to place more and more emphasis on developing and retaining their people.  Surviving and Thriving in your Family Business http://thetopnews.net/wp-content/uploads/2009/03/global-economy123.gif
www.FamilyBusinessBattleGround.com Organizations that appreciate the financial impact of their employees often refer to them as human capital.  Surviving and Thriving in your Family Business http://www.topnews.in/files/climate-change_6.jpg
www.FamilyBusinessBattleGround.com Moreover we can say that the collective attitudes, skills and abilities of people contribute to organizational performance and productivity.  Surviving and Thriving in your Family Business http://positivepsychologynews.com/wp-content/uploads/2009/02/supportive-work-team.JPG
www.FamilyBusinessBattleGround.com Any expenditure in training, development, health and support is an investment, not just an expense.  Surviving and Thriving in your Family Business http://www.corporateexpense.com/img/business_header.jpg
www.FamilyBusinessBattleGround.com Whether you are a small business or in a family owned business the competition is so fierce and change is so fast, that any competitive edge gained by the introduction of new processes or technology can be short-lived if competitors adopt the same technology.  Surviving and Thriving in your Family Business http://www.pluk.co.uk/wp-content/uploads/2009/07/bigstockphoto_ business_competition_4412952.jpg
www.FamilyBusinessBattleGround.com But to implement change, their people must have the same or better skills and abilities.  Surviving and Thriving in your Family Business http://www.theepochtimes.com/n2/images/stories/large/2008/07/26/Employees.jpg
www.FamilyBusinessBattleGround.com In small business the reprioritization of the value of human capital has changed the profile of what a successful candidate looks like, even in the most technical roles as the value of ability of human talent is recognized.  Surviving and Thriving in your Family Business http://preview.srsincorp.com/BiziSiteCustomers/SRSInc_dev/images/ Group%20Picture%20for%20Capabilities%20and%20Website.jpg
In order to achieve professional growth and success in the next period of increased talent acquisition, technology professionals will have to step out of their comfort zone and develop the holistic, relationship-focused business skills that companies require.  Surviving and Thriving in your Family Business http://safetycampus.files.wordpress.com/2008/10/employee-training.jpg www.FamilyBusinessBattleGround.com
Similarly companies are going to have to take a more strategic and supportive approach to recruiting and retention if they want to find and keep the new breed of evolving talent.  www.FamilyBusinessBattleGround.com Surviving and Thriving in your Family Business http://www.hollywoodcasinoaurora.com/private/ice/content/images/HS-3employees.jpg
Visit Family Business Battleground  to share  and strengthen Family Business’s and Relationships. Surviving and Thriving in your Family Business www.FamilyBusinessBattleGround.com

More Related Content

Viewers also liked

Human Capital Theory
Human Capital TheoryHuman Capital Theory
Human Capital Theory
Megh George
 
Human capital perspective
Human capital perspectiveHuman capital perspective
Human capital perspective
ruchi070186
 
Balance Scorecard (Strategic Map)
Balance Scorecard (Strategic Map)Balance Scorecard (Strategic Map)
Balance Scorecard (Strategic Map)
Isahito
 
Performance improvement consultancy
Performance improvement consultancyPerformance improvement consultancy
Performance improvement consultancy
Hj Arriffin Mansor
 

Viewers also liked (17)

Human Capital Theory
Human Capital TheoryHuman Capital Theory
Human Capital Theory
 
Differences between Human Resources and Human Capital
Differences between Human Resources and Human CapitalDifferences between Human Resources and Human Capital
Differences between Human Resources and Human Capital
 
Human Capital and Human Resource Development
Human Capital and Human Resource DevelopmentHuman Capital and Human Resource Development
Human Capital and Human Resource Development
 
Human Capital : Theory And Application
Human Capital : Theory And ApplicationHuman Capital : Theory And Application
Human Capital : Theory And Application
 
Human Capital Measurement
Human Capital MeasurementHuman Capital Measurement
Human Capital Measurement
 
Human capital ppt
Human capital pptHuman capital ppt
Human capital ppt
 
Human capital perspective
Human capital perspectiveHuman capital perspective
Human capital perspective
 
Performance management
Performance managementPerformance management
Performance management
 
Human Capital Strategy In Indonesia (Article)
Human Capital Strategy In Indonesia (Article)Human Capital Strategy In Indonesia (Article)
Human Capital Strategy In Indonesia (Article)
 
Introduction to hrm
Introduction to hrmIntroduction to hrm
Introduction to hrm
 
Introduction To HRM
Introduction To HRMIntroduction To HRM
Introduction To HRM
 
Introduction to HRM
Introduction to HRMIntroduction to HRM
Introduction to HRM
 
HRM Introduction
HRM IntroductionHRM Introduction
HRM Introduction
 
Balance Scorecard (Strategic Map)
Balance Scorecard (Strategic Map)Balance Scorecard (Strategic Map)
Balance Scorecard (Strategic Map)
 
Introduction to HR
Introduction to HRIntroduction to HR
Introduction to HR
 
Performance improvement consultancy
Performance improvement consultancyPerformance improvement consultancy
Performance improvement consultancy
 
Human Capital Strategy for Competitive Advantage
Human Capital Strategy for Competitive AdvantageHuman Capital Strategy for Competitive Advantage
Human Capital Strategy for Competitive Advantage
 

More from Family Business Battle Ground

More from Family Business Battle Ground (7)

Family Business Succession Planning
Family Business Succession PlanningFamily Business Succession Planning
Family Business Succession Planning
 
Effective Communication Mantra
Effective Communication MantraEffective Communication Mantra
Effective Communication Mantra
 
How to Synergize Effectively With Social Media at Business Place
How to Synergize Effectively With Social Media at Business PlaceHow to Synergize Effectively With Social Media at Business Place
How to Synergize Effectively With Social Media at Business Place
 
The 3 Things that are Harming Your Work Environment
 The 3 Things that are Harming Your Work Environment The 3 Things that are Harming Your Work Environment
The 3 Things that are Harming Your Work Environment
 
Balancing Work And Life
Balancing Work And LifeBalancing Work And Life
Balancing Work And Life
 
5 Top Business Schools Offering Family Business Programs
5 Top Business Schools Offering Family Business Programs5 Top Business Schools Offering Family Business Programs
5 Top Business Schools Offering Family Business Programs
 
How Can You Develop Leadership
How Can You Develop LeadershipHow Can You Develop Leadership
How Can You Develop Leadership
 

Recently uploaded

Call Girls In Noida 959961⊹3876 Independent Escort Service Noida
Call Girls In Noida 959961⊹3876 Independent Escort Service NoidaCall Girls In Noida 959961⊹3876 Independent Escort Service Noida
Call Girls In Noida 959961⊹3876 Independent Escort Service Noida
dlhescort
 
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service BangaloreCall Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
amitlee9823
 
Nelamangala Call Girls: 🍓 7737669865 🍓 High Profile Model Escorts | Bangalore...
Nelamangala Call Girls: 🍓 7737669865 🍓 High Profile Model Escorts | Bangalore...Nelamangala Call Girls: 🍓 7737669865 🍓 High Profile Model Escorts | Bangalore...
Nelamangala Call Girls: 🍓 7737669865 🍓 High Profile Model Escorts | Bangalore...
amitlee9823
 
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
dollysharma2066
 
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
daisycvs
 
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai KuwaitThe Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
daisycvs
 

Recently uploaded (20)

Call Girls In Noida 959961⊹3876 Independent Escort Service Noida
Call Girls In Noida 959961⊹3876 Independent Escort Service NoidaCall Girls In Noida 959961⊹3876 Independent Escort Service Noida
Call Girls In Noida 959961⊹3876 Independent Escort Service Noida
 
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service BangaloreCall Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
 
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
 
Nelamangala Call Girls: 🍓 7737669865 🍓 High Profile Model Escorts | Bangalore...
Nelamangala Call Girls: 🍓 7737669865 🍓 High Profile Model Escorts | Bangalore...Nelamangala Call Girls: 🍓 7737669865 🍓 High Profile Model Escorts | Bangalore...
Nelamangala Call Girls: 🍓 7737669865 🍓 High Profile Model Escorts | Bangalore...
 
Whitefield CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRL
Whitefield CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRLWhitefield CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRL
Whitefield CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRL
 
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
 
Uneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration PresentationUneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration Presentation
 
Call Girls Service In Old Town Dubai ((0551707352)) Old Town Dubai Call Girl ...
Call Girls Service In Old Town Dubai ((0551707352)) Old Town Dubai Call Girl ...Call Girls Service In Old Town Dubai ((0551707352)) Old Town Dubai Call Girl ...
Call Girls Service In Old Town Dubai ((0551707352)) Old Town Dubai Call Girl ...
 
Falcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business PotentialFalcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business Potential
 
Malegaon Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Malegaon Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceMalegaon Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Malegaon Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
 
Cracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxCracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptx
 
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
 
PHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation Final
 
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai KuwaitThe Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
 
How to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityHow to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League City
 
Falcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business GrowthFalcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business Growth
 
Organizational Transformation Lead with Culture
Organizational Transformation Lead with CultureOrganizational Transformation Lead with Culture
Organizational Transformation Lead with Culture
 
Call Girls Zirakpur👧 Book Now📱7837612180 📞👉Call Girl Service In Zirakpur No A...
Call Girls Zirakpur👧 Book Now📱7837612180 📞👉Call Girl Service In Zirakpur No A...Call Girls Zirakpur👧 Book Now📱7837612180 📞👉Call Girl Service In Zirakpur No A...
Call Girls Zirakpur👧 Book Now📱7837612180 📞👉Call Girl Service In Zirakpur No A...
 
Famous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st CenturyFamous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st Century
 
Falcon Invoice Discounting platform in india
Falcon Invoice Discounting platform in indiaFalcon Invoice Discounting platform in india
Falcon Invoice Discounting platform in india
 

The Importance of Human Capital in Business

  • 1. Family Business Battleground Surviving and Thriving in your Family Business www.FamilyBusinessBattleGround.com The Importance of Human Capital in Business http://www.globaledgeservicescorp.com/yahoo_site_admin/assets/images/Human_Capital.21964437_std.png
  • 2. www.FamilyBusinessBattleGround.com Nobel Prize-winning economist Gary S. Becker, who coined the term “human capital,” says that “the basic resource in any company is the people”. Surviving and Thriving in your Family Business http://cooperandassociates.biz/_wizardimages/group%20of%20business%20people.jpg
  • 3. www.FamilyBusinessBattleGround.com The most successful companies and the most successful countries will be those that manage human capital in the most effective and efficient manner. Surviving and Thriving in your Family Business http://121itn.com/230651-org.jpg
  • 4. www.FamilyBusinessBattleGround.com Corporations are recognizing the importance of investing in their employees now more than ever before. Surviving and Thriving in your Family Business http://www.messagingservice.com/blog/uploaded_images/20837316-723394.jpg
  • 5. www.FamilyBusinessBattleGround.com Companies are beginning to understand that to stay on top in the global economy, they need to place more and more emphasis on developing and retaining their people. Surviving and Thriving in your Family Business http://thetopnews.net/wp-content/uploads/2009/03/global-economy123.gif
  • 6. www.FamilyBusinessBattleGround.com Organizations that appreciate the financial impact of their employees often refer to them as human capital. Surviving and Thriving in your Family Business http://www.topnews.in/files/climate-change_6.jpg
  • 7. www.FamilyBusinessBattleGround.com Moreover we can say that the collective attitudes, skills and abilities of people contribute to organizational performance and productivity. Surviving and Thriving in your Family Business http://positivepsychologynews.com/wp-content/uploads/2009/02/supportive-work-team.JPG
  • 8. www.FamilyBusinessBattleGround.com Any expenditure in training, development, health and support is an investment, not just an expense. Surviving and Thriving in your Family Business http://www.corporateexpense.com/img/business_header.jpg
  • 9. www.FamilyBusinessBattleGround.com Whether you are a small business or in a family owned business the competition is so fierce and change is so fast, that any competitive edge gained by the introduction of new processes or technology can be short-lived if competitors adopt the same technology. Surviving and Thriving in your Family Business http://www.pluk.co.uk/wp-content/uploads/2009/07/bigstockphoto_ business_competition_4412952.jpg
  • 10. www.FamilyBusinessBattleGround.com But to implement change, their people must have the same or better skills and abilities. Surviving and Thriving in your Family Business http://www.theepochtimes.com/n2/images/stories/large/2008/07/26/Employees.jpg
  • 11. www.FamilyBusinessBattleGround.com In small business the reprioritization of the value of human capital has changed the profile of what a successful candidate looks like, even in the most technical roles as the value of ability of human talent is recognized. Surviving and Thriving in your Family Business http://preview.srsincorp.com/BiziSiteCustomers/SRSInc_dev/images/ Group%20Picture%20for%20Capabilities%20and%20Website.jpg
  • 12. In order to achieve professional growth and success in the next period of increased talent acquisition, technology professionals will have to step out of their comfort zone and develop the holistic, relationship-focused business skills that companies require. Surviving and Thriving in your Family Business http://safetycampus.files.wordpress.com/2008/10/employee-training.jpg www.FamilyBusinessBattleGround.com
  • 13. Similarly companies are going to have to take a more strategic and supportive approach to recruiting and retention if they want to find and keep the new breed of evolving talent. www.FamilyBusinessBattleGround.com Surviving and Thriving in your Family Business http://www.hollywoodcasinoaurora.com/private/ice/content/images/HS-3employees.jpg
  • 14. Visit Family Business Battleground to share and strengthen Family Business’s and Relationships. Surviving and Thriving in your Family Business www.FamilyBusinessBattleGround.com