Remington Consulting Group Essay Example | Topics and Well Written Essays - 3000 words

Remington Consulting Group - Essay ExampleElements of intellectual neat imply gay capital, affectionate capital, and organizational capital. The branch of economic theory concerned with the value embodied in a signs human resources is known as human capital prudence. Human capital management has been draw as a strategic approach to people management that focuses on issues that are critical to the organizations success. The virtually significant colligate between human resources management and human capital management is the definition of the link between the two. Human capital management is concerned with the bill metrics. However, it is not primarily about measurement but creating and demonstrating the value that people and people management can contribute to an organization. The practice of human capital management begins with the collection of data and continuation with measurements and reporting. Specific applications of human capital management relate to human resource s strategy formulation, talent management, learning and development, knowledge management, functioning management, and reward management (Baron and Armstrong, 2008). Human capital management practices allow value extraction rather than value creation as a way to maximize the value of the besotted. Human capital has been considered an organizations intangible assets. These include competencies such as skills, experience, probable and capacity. It is widely believed that people with the right profile and capability provide a competitive advantage that cannot be replicated. Changes in practices have led human capital to become an important driver of organizational performance. Drivers include the acceptance that human capital is a key asset driving creation of value melt in human resource function from efficiency to effectiveness, the cost to adding value, inputs to outputs, data collection to analysis, and operational performance (Ceridian, 2007). In the case study, Remington has not focussed on the value that can be derived from their human resources. The firm has consultants for specific domains within each branch. However, the use of tools to maximize human capital management has not been optimized.