Human Resources: Skills, Abilities, And Experience

Human Resources Author Name Institution Affiliation How high-performance working and investment in human capital impact on organizational practice? Human capital is the measure of the economic value that is provided by one or more employees through their skills, abilities, experience, and knowledge (Iurieva, 2017). It’s safe to say that more than 60 percent success rate of an organization depends on high-performance working and investment in human capital. On average, the total human capital cost is 75 percent of an organization’s operating expenses. This guarantees both short-term and long-term success. First of all, this ensures employee satisfaction. By investing in the professional development of the staff, the leader or manager of a company can prepare them to face challenges of tomorrow. It is not necessary to hire experienced and skilled employees; what matters is how devoted, dedicated, hardworking and motivated an individual is. Whether they are experienced or inexperienced, employees can be prepared...