Technology and human capital

Technology and human capital

Introduction

The success of any business organization is tied to the scale of employee output for the business. The excellence in employee productivity leads to excellence in business. Employee performance is the sole determinant of the business performance. It is a determinant of performance of the business, as well as, the profitability for a given period of time. High productivity leads to high profits, since organizations are run by people and not machines. The term performance is an absolute relation of the job output of an employee with time. It is defined as “the amount of goods and services that” are produced by a worker in a given period of time”. It is often measured with the industrial scale. It is further elaborated as “the ratio of a volume measure of output to the ratio to the volume measure of input”. There are three fundamental tools to measure employee productivity, hours worker, workforce jobs, as well as, the total number of employed people. Technology is the most important tool for enhancing the human capital management in an organization. It is significant for enhancement of employee productivity.

A performance management system with technology-enabled features could lead to tremendous increase in employee output, concisely 'employee productivity'. The world is an innovative cosmos with innovation economies, where technology is the course of action for implementing anything. For a business, technology is the most cost-effective, as well as, efficient solution to meet all the business requirements. Employee productivity could be enhanced through the use of technology in several ways. It helps employees becoming more efficient and effective with their work by leasing to more effective mechanism of business processes. The improvement of business processes leads to increase in employee productivity.

Technology is the most-effective tool for managing the human capital. The management of human resource is an extremely crucial task, whereas, organizational performance are highly dependent upon human resource management. In the changing panorama of corporate management companies build their competitive edge through human resource management, since it is the only irrefutable and inimitable edge for organizations to develop and grow. The use of technology in human resource management is the most significant tool to excel in the business for future (Blander and Bergeron, 2002).

Discussion

Technology requirements and organizational performance

Technology could lead to a more sophisticated organizational performance, as well as, business success in the long run. Implementing technology is the only way out for businesses to sustain their success, as well as, compete in the dynamic corporate environment. Considering the human capital, the requirements of technology are very essential to people management. People management is the most fundamental issue of the corporate world, pertaining to success and failure of the business. It unlocks the dimensions of work management through people, as well as, people management through work. Technology could be very helpful in very basic organizational processes pertaining to the human resource management; they are discussed as under;

Employee productivity and technology

Employee productivity is the absolute ...