Application: Human Capital
Business Finance
Human capital refers to the combined knowledge, skills, and ability of a workforce to perform labor functions and is a vital part of strategic human resource management. Employees, i.e., human capital, are assets that could improve in value with some investment by the organization. Consequently, when an organization’s assets increase in value, the entire organization gains worth. Yet, many employees have resources within them that are rarely, if ever, tapped and used.
For this Assignment, review this Week’s Resources. Review Chapter 2 of Human Resources Management for Public and Nonprofit Organizations. Focus on the concept of human capital as it relates to strategic human resource management. Review the “Strategic Human Resource Management” segment on the course media. Think about what makes human resources strategic. Consider how human resources have changed from a largely administrative function. Identify a government or non-profit organization and focus on its use of human capital and strategic human resource management.
The Assignment:
Analyze the impact of human capital on strategic human resource management in the government and non-profit organization you selected. In your analysis:
- Explain the mission of the organization.
- Describe at least 2–3 strategic goals or objectives of the organization.
- Explain the skills and competencies agency personnel need to manage and implement in the agency’s present and future strategic goals, objectives, programs, and services.
- Explain the need for review, redesign, or implementation of human capital programs and activities to attract, retain, develop, and motivate the types of employees that will be needed.
Be sure to support your Assignment with specific references to the resources and other current literature in the Walden Library. Use at least three scholarly sources from the library that were published within the past five years to support your paper.
Your Assignment must demonstrate both breadth and depth of knowledge and critical thinking appropriate to graduate-level scholarship. It must follow APA Publication Manual guidelines and be free of typographical, spelling, and grammatical errors. The Assignment should be 3–4 pages in length (double-spaced), not including the title page, abstract, and references.
Readings
- Pynes, J. E. (2013). Human resources management for public and nonprofit organizations: A strategic approach (4th ed.). San Francisco, CA: Jossey-Bass.
- Chapter 2, “Strategic Human Resources Management and Planning” (pp. 37–52)
- Guo, C., Brown, W. A., Ashcraft, R. F., Yoshioka, C. F., & Dong, H. K. D. (2011). Strategic human resources management in nonprofit organizations. Review of Public Personnel Administration, 31(3), 248–269.
Retrieved from the Walden Library databases. - Rosenbloom, D. H. (2010). Public sector human resource management in 2020. Public Administration Review, 70(s1), s175–s176.
Retrieved from the Walden Library databases.
Media
- Laureate Education (Producer). (2014). Human resource management [Video file]. Retrieved from https://class.waldenu.edu
- “Strategic Human Resource Management“ with Melanie Hughes, President, Org4Change
