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3. Integrating strategic human capital and SHRM

 Integrating strategic human capital and strategic human resource management

By Dilshard Hameed

Introduction

Human capital is an essential concept in a wide range of domains, from micro psychology to macroeconomics. Research from multiple disciplinary perspectives focuses on somewhat different features and degrees of human capital inside businesses, which may provide opportunity for integration. The current study attempts to increase understanding about human capital within companies by merging two research streams that focus directly on human capital but approach it in distinct ways: strategic human capital (SHC) and strategic human resource management. We cover both SHC and strategic HRM research streams, as well as potential areas of integration and future directions for human capital.

(Corine Boon & Paul Bosilie 05 Oct 2017)



                                                                (Figure 1;Human Capital Strategy)


Impact of Human Capital Management Practices on Employees' Job Performance

This content aims to analyze the relationship between the human capital management (HCM) practices which include training and development, recruitment and selection, Performance appraisal and employee's job performance in the telecom sector of Asian region. To find the influence of HCM practices on employees job performance within telecom sector of Asia. This is a survey based research study. The sample of the study is employees' who are working in public and private sector telecommunication companies . Data are collected through questionnaires.  therefore, descriptive statistics, correlation and regression analysis have been used. The overall results support that HCM practices have prominent and indispensable role in the performance level of employees; knowledge and skill through training and development, compatibility & competence through recruitment and selection, confidence and morale through performance appraisal. HCM practices are highly correlated with each other and also correlated with employee's job performance.

( Ali Zeb et al 2018 J. Phys.: Conf. Ser. 1049 012020)

                                                (Figure2;Best of Human Capital Management)

Information Technology implementation in Human Capital

The effective management of human resources is a critical factor in the achievement of organizational success. The recruitment and selection of competent personnel is a crucial aspect of human resource management. The objective of this research is to conduct a comprehensive analysis of the effects of information technology implementation on enhancing the recruitment and selection procedures of human resources. It is anticipated that the outcomes of this investigation will yield a more profound comprehension of the utilization of information technology in enhancing the process of recruiting and selecting personnel resources. The primary emphasis of this research is on qualitative analysis. Data collection methods involve meticulous observation and recording of data, followed by the application of analytical techniques such as data reduction, visualization, and inference to derive insights. The study's findings indicate that the incorporation of information technology in the recruitment and selection procedures of human resources has yielded several noteworthy and beneficial outcomes. The implementation of this measure has resulted in enhanced recruitment process efficiency, accuracy, and effectiveness .

(N C Lewahirilla ,and Huwae June 2023)



                                                                             (Figure 3; Human Capital)






(Figure 4; What is Human Capital)




conclusion

The way that SHRM has evolved to focus on human capital highlights a fundamental change in perspective from considering employees as just resources to considering them as priceless assets. Organizations may unleash the full potential of their workforce by placing a high priority on investing in talent development, cultivating a culture of continuous learning, and encouraging employee well-being. This change recognizes the critical role that human capital plays in fostering productivity, creativity, and the success of organizations. The alignment of HR strategies by SHRM with the overarching goals of attracting, retaining, and optimizing talent not only boosts competitiveness but fosters a vibrant workplace where people feel empowered to make important contributions, resulting in long-term success and prosperity.


References 

Boon, C., Eckardt, R., Lepak, D.P. and Boselie, P., 2018. Integrating strategic human capital and strategic human resource management. The International Journal of Human Resource Management, 29(1), pp.34-67.

Zeb, A., Abdullah, N.H. and Javaid, M., 2018, July. Impact of human capital management practices on employees’ job performance. In Journal of Physics: Conference Series (Vol. 1049, No. 1, p. 012020). IOP Publishing.

Lewaherilla, N.C. and Huwae, V.E., 2023. The Use of Information Technology in Improving the Recruitment and Selection Process of Human Resources. Jurnal Minfo Polgan, 12(1), pp.901-910.

Comments

  1. Ruwini DissanayakeMarch 23, 2024 at 6:53 PM

    Strategic human capital, strategic human resource management, and human capital management practices can greatly improve an organization's human resources performance, particularly when enhanced with information technology.

    ReplyDelete
  2. Shehan PriyashanthaMarch 24, 2024 at 8:21 AM

    HUMAN CAPITAL USAGE IS WELL EXPLAINED

    ReplyDelete
  3. Rusky AhamedMarch 24, 2024 at 8:59 AM

    It's a reminder of how important it is for companies to invest in their employees' development and well-being to succeed in this competitive industry.

    ReplyDelete
  4. Gowri PereraMarch 24, 2024 at 9:06 AM

    Well balanced article

    ReplyDelete
  5. KUMARA WELEGEMarch 30, 2024 at 1:37 AM

    The article is very analytical and present well

    ReplyDelete
  6. Duke PrithivirajApril 14, 2024 at 7:37 PM

    Human Resources and human capital also HR should look after in very carefully due to human resources are most valuable to every organizations

    ReplyDelete

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