Human Capital Management Based on the Harvard Approach: a Solution for Reducing Human Capital Erosion

Adela Suzana Artene () and Costicã Roman ()
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Adela Suzana Artene: Tibiscus University of Timisoara
Costicã Roman: „Stefan cel Mare” University of Suceava

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 1, 787-790

Abstract: Human capital management is a pragmatically new approach of what used to be called personnel management. Human capital represents the only inexhaustible resource of creativity, solutions, and new, innovating and valuable ideas. The Harvard approach recognizes a common element in every business, the fact that human capital (personnel) represents a group of important stakeholders in an organization, and they have their own needs and preoccupations as the other groups of stakeholders, such as customers, shareholders. Organizations – in this knowledge based economy – are challenged to ensure their need of qualified human capital on labor markets through complex, unequal evolutions.

Keywords: human capital; management; erosion; personnel; stakeholders (search for similar items in EconPapers)
JEL-codes: M54 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:12:p:787-790

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