New roles in Human Capital Management
Mission statement
Communicates the organization’s reason for being, and how it aims to serve its key stakeholders
Vision statement
Future-oriented declaration of the organization’s purpose and aspirations => What the company wants to become
Functional structure
Divides organization into segments based on functions
Divisional structure
Divide functional areas into divisions
Matrix structure
Organization where reporting relationship is set up in a matrix, rather then a traditional hierachy => Dual reporting relationships
Human Capital development Framework
Human capital outcomes => what do to with culture and strategy
How can Human Capital create value and deliver results?
By activities that produce the employee competencies and behaviors the company needs to achieve its strategic goals
Difference between HR and HC
HR => Human handled as resource to add value, treated like any other resource (Machines or Material)
HC => Human sean as main value creating capital of the organization
Last changed2 years ago
