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Creating value of organization through human capital management

Author

Listed:
  • Weronika Toszewska-Czerniej

    (Koszalin University of Technology)

Abstract

Motivation: Creating competitive advantage is based on the company’s ability to create value for the customer. The key factor that allows to create product or service which are compatible with the needs of customers is the employee. Held by people human capital is of particular value to the organization because of the complexity and diversity, which determines the scope of its use. Based on a model developed by J. Ingham and achievements in the field of human capital theory in the article author attempt to develop a scheme which is allowing the improvement of human potential. Aim: The aim of the article is to present the approach of value creation through the use of human capital. It is based on a combination of elements of the value chain and the recognition process. The presented approach gives the ability to create a human capital management strategy, which allows to determine actions that creates the level and value of processes in organization. Results: Application of developed scheme, based on a combination of value stream with processes for human capital allows to determine the differentiation of human potential and its involvement in various organizational processes. In the longer term use of the presented approach will allow for the actual building and the development of values based on the use of organizational processes and human factor.

Suggested Citation

  • Weronika Toszewska-Czerniej, 2018. "Creating value of organization through human capital management," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 17(4), pages 443-457, December.
  • Handle: RePEc:cpn:umkeip:v:17:y:2018:i:4:p:443-457
    DOI: 10.12775/EiP.2018.032
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    Citations

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    Cited by:

    1. A. Rusdiana & Abdul Muin, 2019. "Andrew Mayos Human Capital Approach Model in the Management of More Productive Human Resources in Private Islamic Higher Education," International Journal of Publication and Social Studies, Asian Economic and Social Society, vol. 4(2), pages 132-142, June.

    More about this item

    Keywords

    human capital; human capital management; value; processes; service;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • M5 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics
    • L8 - Industrial Organization - - Industry Studies: Services

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