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Essay / Research Paper Abstract
This 4 page paper explains that the Human Capital concept is more about looking at employees as assets than as liabilities. Various authors and ideas are discussed. How to attract good employees is at the crux of this well researched paper. Bibliography lists 5 sources.
Page Count:
4 pages (~225 words per page)
File: RT13_SA730hc.rtf
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Unformatted sample text from the term paper:
workers under the assumption that the move will create more value for the firm (Friedman, Hatch & Walker, 1998). Yet, what they are really doing is a disservice to the
stockholders. Indeed, attracting and retaining human capital is very important to the success of most businesses. Of course, when attracting new workers, companies sometimes will pay top dollar, and that
can go a long way, but there are other issues that seem to loom once the worker is in place. Still, if companies can attract human capital to fill their
needs, these firms can thrive. Authors provide a method that businesses can use to attract good people to their particular firms (Friedman, Hatch & Walker, 1998). Vasilash (2007)
summarizes Friedman, Hatch & Walkers (1998) dictum as follows: "The process includes five stages-Clarify, Assess, Design, Implement, Monitor-and five factors-Recruitment, Retention, and Retirement; Rewards and Performance Management; Career Development, Succession
Planning, and Training; Organizational Structure; Human Capital Enablers. Although the book is more oriented toward human resource professionals-who maybe ought to change that label to human capital professionals-the points the
authors are making are pertinent to all of us who have to make a living, whether it is at a TV network or an auto company." One can see that
an approach that prompts professionals to look at their organization for the purposes of recruitment and retention and development, as opposed to merely looking at the bottom line, is prudent.
The Human Capital concept is more about looking at employees as assets than as liabilities. Good business is not about cutting back, but in valuing what can potentially earn a
company money. The idea behind the approach is that the people are what make corporations money and so they should be supported (Vasilash, 2007). There are many examples of how
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