Don't Underestimate Human Capital In Business Development

Illustration. (Photo: Unsplash)

JAKARTA - Human capital is still being underestimated by many companies. In fact, human capital is a valuable asset owned by the company. This is because human capital can have a direct impact on the company's performance and sustainability.

Therefore, the company should understand more about the importance of human capital.

The success of a company in dealing with market competition can be greatly determined by human capital. Here are some reasons why human capital is very important in business continuity:

1. Facing Market Competition

Strong human capital allows companies to be better prepared to face market competition. With competent and innovative human resources, companies can create superior products and services than competitors. Extensive and skilled employees are able to create innovative solutions that distinguish companies from their competitors.

2. HR Training and Development

The company's spending on training and human resource development activities is very important to maintain and improve workers' expertise and knowledge. This helps in creating sustainable competitive advantages. With continued training, employees can continue to improve their skills and remain relevant in the face of technological changes and industrial trends.

3. Improve Company Performance

Well managed human capital can improve the company's overall performance. Skilly and motivated employees will work more efficiently and productively, which ultimately increases the company's profitability. Good performance also contributes to the company's reputation, attracting more customers and business partners.

4. Innovation and Creativity

High-quality human capital can encourage innovation and creativity in companies. Employees who feel valued and supported by the company tend to be more motivated to put forward new ideas and look for creative ways to improve business and product processes.

Seeing the importance of human capital in sustainability and business progress, therefore maintaining human capital is an important thing to do. In addition, ensuring the development of employees as human capital owned by the company is also important. To ensure that human capital is maintained and developed, companies need to implement the following strategies:

1. Recruitment and Placement

Recruitment and placement of employees is a very important fundamental process for the company. Choosing the right candidates and placing them in positions that suit their expertise will increase work effectiveness. The recruitment process must include a thorough evaluation of technical skills, cultural fitness, and potential growth of prospective employees.

2. HR Training and Development

It is important for the training and development of human resources to be carried out by companies in order to anticipate rapid environmental changes. With proper training, employees can improve their skills and adapt to the changes that occur. Development programs must include technical training, leadership training, and soft skills development (soft skills) such as communication and teamwork.

3. Career Development

Companies capable of producing high performance usually have reliable human resources with strong work motivation and have a high commitment to achieving the company's goals and missions. Clear career development will help employees feel valued and motivated to give their best. Companies must provide a transparent career path and opportunities for career improvement through promotion and job rotation.

4. Compensation and Award

To continue to be able to maintain and improve the quality of human resources they have, companies are required to provide appropriate compensation and appreciation to their employees. Fair compensation and awards for work performance will increase employee satisfaction and loyalty. This includes competitive salaries, performance bonuses, benefits, and non-monetary awards such as recognition and public rewards.

5. Improvement of Culture and the Working Environment

Company management is required to improve the culture and work environment within the company, as well as the company's ability to manage change. A positive and supportive work environment will increase the productivity and welfare of employees. Companies must create an inclusive, collaborative, and respect for diversity work culture.

In the digital era, using the Human Resource Apps solution from Telkomsel Enterprise can be an effective solution for human capital management. The company's digitalization and management system can be an end-to-end HR service solution, such as payroll and labor management.

Some of the features offered by Human Resource Apps solutions include:

1. Listing Presence & Lembur

This feature ensures a more practical attendance process by using a computer or cellphone. In addition, it also ensures that employee attendance is recorded accurately and in real-time, making it easier for management to manage work schedules.

2. Leave Settings

With this feature, the process of submitting and approval of leave permits can be done faster and easier. Employees can apply for leave through the application and managers can agree or reject the request quickly.

3. Recitation

Payment is easier by transferring to a connected funding platform. The payroll system automatically ensures that employees receive their salaries on time and reduce the risk of miscalculation.

4. Claim Settings

This feature makes it easier for employees to perform reimbursement with photos of receipts via cellphone. The claim process is fast and transparent to increase employee satisfaction.

These features provide easy employees to get their needs related to the company. By using the Human Resource Apps solution, companies can manage their human capital more efficiently and effectively.

The importance of human capital in business development cannot be underestimated. By properly understanding and managing human capital, companies can achieve sustainable competitiveness and improve overall performance.

With the use of solutions such as Human Resource Apps, #DefiniteThere is a Solution for companies to maintain and improve the quality of their human resources.