Managing Human Capital and Progressive HR Policies Lead is Ultimate Key of Success of the Organization and the Society

摘要

Human capital is individual's knowledge acquired duringhis life time and used to produce goods, services or ideas in market or non market circumstances. The model valuing of the human resources of any organization by ascertaining the inventory of human capital for assessing the effect of qualitative human variables on HR Value which is in vogue for adoption or implementation is called the valuation or assessment of Human Resources by proper utilization or aiming the course of action for implementation.A conscious move to capture its activities adopted or exercised by the HR Department by way of developing a human resource accounting system is the complement of the HR valuation exercise. Use ofHR Value in regular MIS reports in the areas as measurementof profitability, performance, trend analysis etc. by using the appraisal system is one of the such suitable tool.It can, therefore, be said that human capital comprises of the people who place high value on being in an environment where they can grow, learn, improve their skills / abilities, treated fairly, appreciated, acknowledged and contributed.It was assumed in early economic theories, reflecting the context, i.e., the secondary sector of the economy was producing much more than the tertiary sector was able to produce at the time in most countries - to be a resource, homogeneous, and easily interchangeable.