Executive Briefings

Human Capital Management: A Book Review on the Subject

The concept of human capital supply chains may conjure up images of a workforce on an assembly line of sorts. But, in reality, the title of this book, Human Capital Supply Chains, and the concept behind it accurately depict the idea of managing human capital in the way a company would manage its supply chain.

However, "goods are uniform and people are unique," state the authors. While organizations can leverage their experience in procurement with handling products and goods, they must adjust their approach when addressing people and teams. The "human" aspect of the capital-the company's most valuable asset-has to be taken into consideration-after all. Like products, however, proper management of the company's "assets" will result in better visibility into the total cost of human capital.

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The concept of human capital supply chains may conjure up images of a workforce on an assembly line of sorts. But, in reality, the title of this book, Human Capital Supply Chains, and the concept behind it accurately depict the idea of managing human capital in the way a company would manage its supply chain.

However, "goods are uniform and people are unique," state the authors. While organizations can leverage their experience in procurement with handling products and goods, they must adjust their approach when addressing people and teams. The "human" aspect of the capital-the company's most valuable asset-has to be taken into consideration-after all. Like products, however, proper management of the company's "assets" will result in better visibility into the total cost of human capital.

Read Full Article