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Chapter 1 : Training and the Preparation of Human Capital - Coggle Diagram
Chapter 1 : Training and the Preparation of Human Capital
Training for Improvement
To adress any identified gaps in the knowledge and skills needed to achieve organization mission and goals
to Improve organization and individual performance
Value
Reporting of Human Capital should have future orientation encompassing, not only historical data but indicators of future capabilities
Important Issues to Human Capital
Tje workplace: competitive advantage derives from know-how,or people's abilities, skills and competence
Challlenges
Casuality is the issue, its is very difficult to prove links between cause and effect in a complex working and social environment
Structural capital, policy, procedure manual etc
Social capital, value can be found among the relationship
Preparation in context of Malaysian Goverment
Education plays a major role
Implication
Human competence are dependent on tacit knowledge
Explicit knowledge critical to an organization. Normally exists within the context of structural knowledge
Core competencies generally refer to those competencies that are unique to the culture of an organization
Acquisition of competencies and/ or upskilling enhances the employability
Competitive advantage will depend to a larger extent on the caliber of the people working for the organization
Optimising the Human Capital ROI
Management's stance in relation to continuing education and OJT for employees
People Management practices will result in superior business profits
Technology based learning tools
HRD is responsible for anticipating and preparing the workforce of the future
Career pathing/ competency enhancement