THE EFFECT OF HUMAN CAPITAL MANAGEMENT ON THE PRODUCTIVITY OF A COMPANY
CHAPTER ONE
INTRODUCTION
Background to the Study
In an organization today, the main factors that the organization has to put into consideration so that they can achieve their goals and objectives in the workforce, and this workforce is based on the motivation of the human Capital management of the organization, and when the Human Capital Management of the organization is active, the employees will be able to put in their best in order to achieve the organizational goals and objectives. Unlike in the management circle of planning, coordinating and controlling is applicable in all forms of enterprise of whatever operation.
The circle is relevant irrespective of the nature of works they do. The general application gives an approval to what is referred to as universal function of management; these functions include planning, organizing, staffing, coordinating, directing and controlling. Hence, management of human effort is the key for success in form of productive process, the success or failure of any organization which is the human capital management in an organization help the employee to put best to achieve the goals and objectives of the organization. The human capital management also ensures that there is a job relatedness and personal job matching.
It is well known fact that no organization can function efficiently without adequate number of human capital, in both quality and quantity. Employing the right skills and in the right places is a sure way to success for any organization. This is one of the main functions of the human capital department in planning for the organization’s human capital requirements. Production and rewarding workers must be tied directly to job being performed in order to achieve the objective of a profits maximization of an on organization. Human capital must be manage effectively because it has a great effect on the better performance to ensure this, more attention should be paid to labour is reactivated in to the organization and their performance.
Appraisal and reprimanding of any employee who has performed good or bad in the course of performing the assigned task must be done effectively, so as to make them or motivate them to do their work effectively. Therefore, every organization should manage their workforce effectively for the achievement of their standard goals and objectives. Furthermore, recognition of employees as asserts is necessary for the successful operation of an organization, as well as planning for candidates to be promoted for succession of referring employees, thus human capital are important assets in an organization that helps control and mount surveillance on their assets forwards increasing productivity or an organization.
Statement of the Problem
Every organization demands high productivity for survival, this can only be achieve when human resources are well managed. If this is not done, definitely, it will result to low or poor performance of employees, which constitute major problems to the organization