HUMAN CAPITAL FORMATION FOR ORGANIZATIONAL DEVELOPMENT

Abstract

Human Capital Formation refers to the process of developing and enhancing the skills, knowledge, and abilities of the population within a nation. It is a kind of long-term investment in Human capital development requires a sustained, long-term approach. Human capital is more knowledge based, skill driven and has ability for continuous learning which help in organizational development. Human Resource Management (HRM) includes the identification and mitigation of barriers that impede the process of employees acquiring knowledge and skills. Learning new skills is a continuous process that can lead to personal and professional growth. Here’s a guide to help you get started. Specialization involves focusing on a particular area of expertise, which can lead to increased efficiency and deeper knowledge in that subject. Training programs are systematic initiatives designed to enhance the skill set, knowledge, and performance of individuals. Updating the technology to streamline the work process and enabling it accessible by everyone make a support in organizational development.