The Measurement and Effect of Human Resource Management in High-Technology Firms

Abstract

One of an organization's intangible assets is its human capital. It essentially encompasses all of a person's abilities and devotion, including their knowledge, potential, and capacity. Supply and demand are mirrored in the link between human capital management: corporate organisations must manage the supplier while employees, independent contractors, and consultants put their own human capital into them. Naturally, any organisation concerned with its performance will inquire about how well this asset is being managed to ensure the highest return on their investment. Similar to this, all workers, consultants, contractors, and other human capital providers want to make sure they are receiving the right return on their own human capital investments in the form of pay, incentives, perks, and so on. The findings of this study demonstrate the strategic value of managing human capital in organisations. The main goal of this study is to investigate a wide range of features and the significance of human capital in today's hypercompetitive climate, as well as to go into specifics to learn more about the topic at hand, namely human capital. Being an exploratory study, the paper mainly relies on the analysis of the existing literature. Organisations have consistently placed a fair amount of emphasis on human capital by taking the necessary steps to create a culture of knowledge sharing and retain highly qualified employees to produce more innovative ideas in an effort to gain a competitive advantage over modern organisations. Since implementing innovative ideas and concepts improves organisational outcomes, it is implied that human capital is favourably correlated with organisational productivity in all respects. Employees have a tendency to become devoted and passionate about their work as a result of intellectual capital, giving it their all in an effort to gain the crucial competitive advantage. The findings of this study demonstrate the strategic value of managing human capital in organisations.