LL2: The Meeting of the Minds: Understanding Human Capital (Motivation)

LL2: The Meeting of the Minds: Understanding Human Capital (Motivation)

Human capital is the sum total of a person's knowledge and skills that the company can use to further its goals. it takes human capital to create some other forms of capital. While a machine may eliminate the need to have hundreds of production workers make stuff, it still took human capital to design and build the machine. And as we move deeper and deeper into a knowledge-based economy that depends on information, knowledge and high-level skills, human capital will become increasingly important.

Employee motivation is the level of energy, commitment, and creativity that a company's workers bring to their jobs. Many modern theorists, however, propose that the motivation an employee feels toward his or her job has less to do with material rewards than with the design of the job itself.

There are as many different methods of motivating employees today as there are companies operating in the global business environment. Still, some strategies are prevalent across all organizations striving to improve employee motivation. The best employee motivation efforts will focus on what the employees deem to be important. Understanding Maslowe’s Hierarchy of need, realizing the highest level is achieving self-steem.

However, it can be help if  job positions in an organization can be assessed through HC Matrix to identify the value they contribute to the organization.

In nourishing the HC of your organization, management must Recognize them and their importance and give  them the resources they need.