With the advent of knowledge economy and internet era, the industry structure has been transforming from labor-intensive and low technology to high technology and knowledge-intensive. The traditional concept of human resource is rapidly being replaced by the development of human capital. Human capital, most dynamic capital among the organization’s assets, encompasses a person’s ability, knowledge, technology, experiences, professional skills, leadership, innovative thinking, management ability, and entrepreneurial spirit etc. All in all, human capital integrates knowledge, technology and innovation, plus the ability to manage his own task. Additionally, its essence incorporates further the company’s core values, the corporate culture, the management philosophy, and the organization’s innovation ability etc. Because the foundation of human capital is the “people”, this capital is mobile with the movement of people. Therefore, a company’s competitive edge hinges upon its ability to develop and retain its various resources, to fully allocate such resources in accordance with the corporate objectives, and to allow such talent to reinvent and improve the organization.
In addition to be able to effectively recruit qualified talent, it is critical for an organization to be able to retain its key staff. . Since the retention of talents and the development of their core competence are the critical elements for an organization to carry out its corporate strategy, an effective human resource plan based on the core competence requirements will be the essential element to develop the competitive edge for the organization.
AGC’s core competency-based “human capital planning” consulting services include: