Role in Managing Human Capital
Todays Human Capital Management approach perceives employees as assets (human capital) whose
current value can be measured with metrics and whose future value is also measurable and can be
enhanced through investing in the development of employees.
At the same time, the HR department must show compassion for the various situations in which
employees find themselves.
Small organizations often have team members performing multiple HR roles, such as benefits
administration, recruitment, selection, payroll, and employee development/training. Normally, larger
companies have at least one person in each of these areas. If a companys HR team is too small for its
number of employees, it is likely that employee dissatisfaction will rise because of delayed response times regarding resolution of issues. For example, an HR manager may not understand the timeliness needed for hiring replacement employees for various departments. If that happens, improvement in communications
among departments is needed. If a new employee must wait for a busy HR staff member to update
insurance records, filing deadlines could be missed.
Legal Compliance
All organizations, however, must follow employment laws and regulations related to discriminatory
practices, retaliation for whistle blowing, or other serious issues.
This SLP assignment looks at an interesting contrast between company ideals and actual practices.
For example, we are looking ahead to how employees should be viewed as assets. First, watch the
following video:
APS Team Solutions. (2019, October 31). Functions of human capital management (Why managing human capital is vital) [Video]. YouTube. https://youtu.be/665VRb1omSQ
Lets compare this concept with an adverse management practiceutilizing children as workers. Think about companies that do business overseas, and more specifically ones who use child labor, such as the popular coffee company, Starbucks (Cousins, 2019).
Cousins, F. (2020, March 7). Starbucks is using child labor overseas to pick coffee beans [Video].
YouTube. https://youtu.be/AH-Nq-DiZJ0
Phillpott (2019) explains that the following U.S. companies overseas still use child labor in the following
article: Nestle, Philip Morris, Microsoft, Apple, and Hersheys.
Phillpott. (2019). 10 companies that still use child labor. Career Addict.
https://www.careeraddict.com/10-companies-that-still-use-child-labor
For this SLP 1 assignment, consider what you have learned about the Human Capital Management
approach to Human Resource Management and child labor practices that are reported to still be occurring in some U.S. companies overseas.
Using the Trident Online Library, research two US companies that have been found to use child labor.
In your submission, discuss what the companies are doing to dispel the shadow over the companies
because of this practice. Also discuss what role the HRM has to develop a culture where all employees,
regardless of age or nationality, are valued and treated as assets.
In addition to the three background readings listed above, find at least one other high-quality source from the Trident Online Library to support your essay. (High quality sources are found in peer-reviewed journals and textbooks.)
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