RAISING THE BAR IN HUMAN CAPITAL DEVELOPMENT: The preparedness of Haelsoft.
The success of any organization is dependent on a couple of factors. Inversely, the failure of the same organization is based on the state of these factors. And they are human resources and material resources. Based on the fact these areas form the basis of the success or failure of any organization, the key players involved invest a lot in seeing to the advancement of their establishments, by paying close attention to these factors, which could come up in different degrees. Of course, this is dependent on the size and prospect of the establishment in question.
What Are Material Resources and Human Resources?
Material Resources: These can ordinarily be known as properties, but in a larger sense, it goes beyond the layman’s understanding of the word. Material resources are referred to as the inanimate assets of an organization, which are needed in the execution of day-to-day tasks, for the achievement of overall efficiency. They involve both mobile and static properties and are rightly manned by trained and designated manpower.
In essence, the productivity of material resources is derived, from the presence and handling of competent manpower or human resources. Little wonder organizations who are keen on consistent growth, pay very close attention to their available human resources.
Human Resources: This can also be referred to as the human capital, manpower, labor, or workforce; depending on the type and size of the organization in question. It is fundamentally the driving force behind the efficient use of the available material resources. In other words, the benefits of the material resources; regardless of how sophisticated they are, are dependent on the availability of a competent workforce.
Human resources are the necessary animate complement, to the material resources. They are defined as the group of people, within an organization, who are saddled with specific responsibilities, for the achievement of the overall goal or objective. The organization in question can either be private or corporate. It could also take other forms or structures.
Types Of Organizational Structures
As stated above, the outlook of any organization is dependent on the operational structure of the organization. Of course, there are a few types of organizational structures and they are:
1. Sole Proprietorship: This is a form of organization, with the smallest unit of the workforce, with a simpler formation process. It is a type of organization, wherein an individual has the sole ownership of the business outfit. As a result, the power to make decisions, lies exclusively on the individual.
Furthermore, the material resources or assets belonging to this outfit can as well be used for personal purposes. But then, the financial expansion of the business is usually a bit difficult, owing to the streamlined opportunities available.
2. Corporation: This is a formally-registered business outfit, whose existence, no longer lies solely with the initiator. This feature differentiates it from a sole proprietorship, the expanded form of which it is. Corporations are structured in such a way that they exist with collateral values.
Aside from having collateral values, corporations are profit-making and therefore can be taxed accordingly. Also, for the success of any corporation, management has to be topnotch, especially in areas about; operations, reportage, and documentation. Ownership is beyond any individual but lies solely with the shareholders.
3. Partnership: This is a business outfit, whose ownership involves the partnership of two or more individuals. And this of two types, namely;
i. Limited Liability Partnerships (LLP): Here, the individuals involved have limited liability over the business. The implication of this is that each of the individuals is not held responsible for the financial mishap of the other owners and is shielded from the indebtedness of the enterprise.
ii. Limited Partnerships (LP): Here, there is the main partner, whose liability is unlimited, with the responsibility of paying taxes of self-employment. Meanwhile, the rest of the partners are characterized by limited liability. In others, the other partners, apart from the main partner, do not have exclusive control or ownership of the enterprise, as contained in the legally adopted agreement.
4. Limited Liability Company (LLC): This is a type of business structure, which is suitable for businesses whose risk levels are high and are not large. It is an enterprise, wherein the proprietor takes maximum advantage of the dividends, with the material resources or assets, not majorly being at risk in the event of undesirable circumstances like; litigations or bankruptcy. Also, taxes are usually not imposed on the profits, but then, self-employment tax must be paid. This is because individuals behind a limited liability company are legally regarded as self-employed. Here, owners have the advantage of paying a lower amount of tax, in comparison with corporations, which are of larger structures.
Organizational Structures and Work Force
As earlier stated, business organizations exist in varying structural make-up, and this invariably entails the size of the workforce. What this means is that the type of organization, determines the size of the manpower, and who is behind the handling of the material resources. Of course, a singly owned business has far less workforce, when compared to a jointly owned outfit or a Limited Liability Company.
In other words, before one thinks of setting up a particular business of each of these structures, one major thing to put into consideration is the required manpower, as well as the capacity to progressively manage the same. The bigger the size of an organization, the more enormous, her responsibilities are. Little wonder, establishments of larger structures, carve out a specific department, for the direct handling of elementary matters, relating to the workforce.
Haelsoft and its Role in Human Resources Management
Establishments of a noticeably large structure, carve out the human resources departments. For some, the department and its responsibilities are outsourced. While for others, there is an in-house arrangement for that purpose. Whatever the arrangement, Haelsoft is well positioned, to help your company achieve the desired objectives of the human resources department of your organization. We achieve this, by doing the following :
« We have experienced personnel, who would help your organization through the process of staff. Of course, we do this, by; articulating staffing framework, integration policies, and enrollment; among other things.
« In the development the desired functional framework, we can also play adversarial roles, as regards the remuneration or compensation of the team members.
« By imploring the most staff-friendly policies and standardized evaluation methods, we can get you informed as regards all there is to be done, to retain the best brains, for maximum output.
« More especially, Haelsoft, is a company, with years of experience in digital commercialization, we are better position to help digitalize the processes involved in the day-to-day activities in your organization. With this, your organization can boast of being up to speed with the latest trends in a digital economy. All the processes involved in human resources management can be digitalized and automated. And to achieve this, you can always reach out to us at Haelsoft.
Haelsoft and Human Capital Development
In a more precise sense, human capital can be said to be the aggregate of the experience as well as the skills of the workforce, which ultimately amount to their economic value. When grouped as an organization’s assets, they can discretely include the summation of the worker’s welfare, skills, status, health, educational qualifications, and all there is to their competency. These indicators are characterized as either; knowledge, social or emotional capital. As an asset, human capital is regarded as not being tangible, in comparison to material resources. And Furthermore, it is imperative to state that the human capital, in every organization is progressive and can therefore be improved or enhanced. And this enhancement, ultimately increases the economic value of such individuals, invariably leading to more turnover for the organization. It is at this point that Haelsoft plays an integral role. And the productivity and viability of any establishment are dependent on how the aforementioned factors or indicators are managed. Conversely, a decrease in the human capital rating of an organization, portends the organization’s incapacitation to handle certain basic tasks, thereby leading to poor or diminishing turnover.
Owing to the value of our expertise over the years, you can count on our company, for the development of the human capital at your disposal. And one way to do this is by organizing targeted training sessions. By this, you allow us to put your employees through the contemporary rudiments, required of them to function more effectively. In the course of training sessions, they will be further equipped to function according to the current trends.
In addition to the topnotch periodic staff training that we provide, we work with organizations, in seeing to the creation of a work pattern or schedule, which would precisely encourage individual and collective productivity. This is in against the practices in most organizations, which unconsciously inhibit optimal performance. Following this, Haelsoft, through her prowess in digitalization, can help establishments in the specialization of roles, to achieve the desired results. These and many more opportunities would be at your disposal, when we at Haelsoft Digital, handle your human capital development needs.