FROM WORKFORCE TO HUMAN CAPITAL: THE FUTURE OF MANAGEMENT
Keywords:
human capital, workforce, management, talent development, organizational competitiveness, innovation, recruitment, training, retention, knowledge economy, strategic HRM.Abstract
Human capital has become the cornerstone of organizational success in the knowledge-based economy. Unlike the traditional view of employees as a workforce measured primarily by labor output, modern management recognizes people as dynamic assets who contribute skills, creativity, innovation, and strategic value. This article explores the evolution of the workforce into human capital, emphasizing the critical role of management in nurturing talent through recruitment, training, development, and retention. It also highlights how investment in education, health, and continuous learning strengthens both organizational competitiveness and national economic growth. By examining contemporary practices and future trends, the article underscores that effective human capital management is not merely an operational task, but a strategic imperative shaping the future of organizations.
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