In terms of philosophy and strategy, the concepts of human capital and strategic human resource management are extremely distinct in todays organizations. Human Capital is an important aspect of maximizing an organizations assets because it provides a long term competitive advantage and increases staff productivity. These individuals should have enough experience, data, creativity, and power to increase client satisfaction and create a competitive edge for the organization. As a result of a magnified economic process and market saturation as a result of the recent recession in various economies around the world, human capital is attracting increased attention. Human capital development is given greater priority in both developed and developing countries in order to speed up the economic process by allocating the necessary time and resources. The findings of the study endorse a strategy of investing in and dominating human resources in order to achieve a competitive edge at the organizational and national levels. To achieve a competitive advantage over rivals, companies have systematically put a high priority on human resources by introducing mandatory interventions such as fostering a data sharing culture, recruiting highly qualified workers, and developing new creative ideas.
by Dr. G. Balamurugan | A. Dhanvarsha "An Empirical Study of Human Capital Management on Organizational Effectiveness"
Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-3 , April 2021,
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