The Importance of Human Capital

The Importance of Human Capital

  • Human Capital is linked within the whole HRM concept. It is about seeing people as value-creating assets and managing them accordingly. Consider a maritime organisation you are familiar with and critically evaluate their approaches to HRM in order to add value to the business through their people.
  • You should consider a variety of ways in which organisations manage and motivate their workforce to ensure they add value to the business and to help it to remain competitive in its marketplace.
  • You should use the HRM theory you have learnt in the lectures and seminars and apply it to your discussion.
  • You are required to demonstrate that you firmly understand the HRM principles and have investigated how these apply and are implemented in a specific maritime organisation.
  • You must provide real facts and evidence from your research that demonstrates the company manages its HR strategy and policy.
  • You must not simply provide a report of detailed HR theory. You will be assessed on your application of the theory to real issues and organisations. Therefore you must support your discussion and conclusion with extensive research and evidence.
  • Any organisation you choose to research should have a maritime or logistics element such as shipping lines, tankers, bulk carriers, cruise companies, ports or port owners, maritime agencies, logistics providers etc.
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