W2 Assign Human Capital Essay Example | Topics and Well Written Essays - 750 words

W2 Assign Human Capital - Essay Example ess, then changing the procedure or process to enhance the output, boost efficiency and also the efficiency of the procedure or process (Cokins, 2009). The link between PM and improvement of performance is that their main goals of are to boost organisational efficiency and effectiveness to enhance the ability of the company to deliver services and/or goods. Another area, at times, targeted for both PM and improvement of performance is organisational efficacy, which concerns the process of setting organisational objectives and goals (Cokins, 2009). Performance management and improvement normally concern processes like statistical quality management and other softer forms of assessment like customer satisfaction surveys that are applied in obtaining qualitative information on performance from the stance of customers (Cokins, 2009). Traditional HR measurement systems mainly center on efficiency, but in order to transform this into strategic human capital management, they should attention paid to efficiency and effectiveness by measuring turnover, bench strength and attitudes (Merkle, 2011). Rarely do human resource leaders think about the impact and relative effect of diverse talent pools on organisational performance (Merkle, 2011). More significant, traditional HR measurements are hardly ever directed particularly to where they are most prone to have the utmost impact–on key/vital talent. Traditional HR management systems need to pay more concern to nonfinancial impacts, as well as sustainability needs to be improved, and strategic human resource management can persuade these, as well (Merkle, 2011). The key activities that HR managers need to participate in to be successful have to do with how corporate strategies associate with human capital management. Studying the organisations keenness to implemen t diverse strategies and supporting the execution of the corporate strategy should be activities that are conducted much more often by efficient HR functions