What is human capital? How is human capital influencing the changing role of training from skill and knowledge acquisition to creating and sharing knowledge?Human capital refers to knowing what, how, why, and understanding why something occurred, making an employee an asset. Because of the undeniable value of human capital, manycompanies have changed the way they train their employees. Having certain knowledge and skills that another employee or company’s workforce does not have is what can set a company apart from another. When a company possesses a strong human capital, it is hard for a competitorto gain an advantage. What an employee learns or gains from their training can help develop them into intangible assets. Training’s sole mission is to provide the necessary tools and knowledge, skills and behaviors, for an employee to master their positions and the ability to apply it to their normal day to day affairs. How would you design a corporate university? Explain each step you would take.The first step used in designing a corporate university would be establishing a clear vision and mission for the university aligned with the company’s objectives. By getting the senior managers to come together to contribute to the vision, the university can begin to establishits purpose, plans, initiatives, and focus. Ensuring the vision aligns with the strategy of the business will help lend a foundation for how the university will benefit the company. Deciding
BA 4700Module One Assignmenthow to fund the university would be the next step. Utilizing a budget within the corporation specifically allocated for the university could be an initial start. Its continued funding could comefrom business fees charged to employees wanting to take more training classes for advancement opportunities. Determining how training will be centralized is the next step as it is important to create a focal point for the university’s development. Next, identifying the needs of the university’s customers is essential to the success of the university’s goal which is to create quality products and deliver a high degree of service. Choosing partners to aid in the initiatives of the university is necessary to contribute to the education within the university. Integrating newtechnology within the university is next as the focus is to train employees as efficiently as possible while also creating a cost savings within the use of an informal learning platform. Link the results of the university to performance improvement and process changes can further aid in how a university succeeds in the future training classes.
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- Fall '17