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The Role Of Human Capital In Organizations

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Any organization needs capital for both to face competition and the survival in the market place. Capital can be in different forms such as natural capital that comes in the forms of energy and material to produce the goods and services, social capital that comes in the form of different institutions and in the society, human capital that comes in the form of work force, manufactured capital that comes in the form of fixed assets and finance capital that comes in the form of funds. Despite every capital being important and valuable, human resource plays a vital role in any organization. As Boxall (2011) states, operational mistakes can be deadly for organizations and since many of the operational mistakes are happened by humans, it is necessary …show more content…

Therefore, the planning and the maintenance of the company human capital (work force) and its status are highly essential and focal. This is supported by Lashley (1994) that employees must be empowered, and that process needs to be handled with utter care.
According to Hoque (2013), human resource strategy is important for any organization, but this importance is much higher in hotel industry where the quality of the service provided by the employees directly impacts the survival of the organization in the industry.
In this report the current status of the organizational work force and organizational strategy for human resource management will be discussed with specific reference to Four Seasons Hotels and Resorts.
Discussion
The status of the organization with reference to human resource will be discussed under three main categories …show more content…

Due to this very fact, the company has become a house hold name in the country and abroad as well. Therefore, based on the review received for the company in comparison to other competitors, apart from the inevitable gaps that invariably arise in any company, the company has been successful in reducing the competency gaps.
Strategies
Most often the top most objective of any human resource strategy is the achievement of the organizational wellbeing through employee wellbeing and development and Four Seasons Hotels and Resorts are not an exception to

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