Differences between Human Resources and Human capital

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Understanding the differences between human resources and human capital. Because there are differences! Sometimes the words "human capital" are used instead of "human resources", because it sounds trendy. But don't be duped! They cover different realities, mindsets and different practices! And this is what this presentation is about. Enjoy!

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Differences between Human Resources and Human Capital :

Differences between Human Resources and Human Capital By X avier B ARILLER

Differences between Human Resources and Human Capital :

Differences between Human Resources and Human Capital First answer: not that easy for a novice

Differences between Human Resources and Human Capital :

Differences between Human Resources and Human Capital Both of them are dealing with P eople within an organization.

Differences between Human Resources and Human Capital :

And so??? Differences between Human Resources and Human Capital

PowerPoint Presentation:

So, let me share with you a conversation I had. Differences between Human Resources and Human Capital

Differences between Human Resources and Human Capital :

A friend of mine financial job (prestigious French education) asked me human capital practitioner (master level + various certifications) Differences between Human Resources and Human Capital

Differences between Human Resources and Human Capital :

what difference I make between Human Resources and Human Capital . Differences between Human Resources and Human Capital

Differences between Human Resources and Human Capital :

So I asked him: what difference do you make between “ resource ” and “ capital ”? Differences between Human Resources and Human Capital

About “resource”:

About “ resource ” My friend: a resource is USED Me: it’s utility , same as equipment ? My friend: yes

About “capital”:

About “ capital ” My friend: a capital must be GROWN Me: the purpose is to increase your capital? My friend: yes!

About self-consideration from self point of view:

About self-consideration from self point of view Me: so, as an employee , how do you prefer to consider yourself: resource or capital ? My friend: I’m a human being , Xavier! As an employee, I’m not just a facility! But, I’m not sure what capital I represent, I worth...

About self-consideration from organization point of view:

About self-consideration from organization point of view Me: as an employee, how do you think you are considered : resource or capital? My friend: not sure… maybe as an expense …

Differences between Human Resources and Human Capital :

Does it remind you anything? Differences between Human Resources and Human Capital

Differences between Human Resources and Human Capital :

Is it clearer now? Differences between Human Resources and Human Capital

Differences between Human Resources and Human Capital :

It’s a MINDSET ! Differences between Human Resources and Human Capital

What is Human Capital not about?:

What is Human Capital not about? Not about payroll Not about tax and tax optimization Not about working hours regulations Not about compensation Not about signing recruitment contract Not about supervising the training attendance sheet Not about employment laws …

What is Human Capital not about?:

What is Human Capital not about? All these are about management of resources … management of human resources

PowerPoint Presentation:

Is management of human resources enough to sustain any organization development ?

HR management enough for sustaining development?:

HR management enough for sustaining development? NO

Why “NO”?:

Why “NO”? First, Because, we are no more in a production economy . It’s no more only about “ using arms, hands and legs ”!

Why “NO”?:

We are in a global knowledge economy Why “NO”?

Why “NO”?:

We are in a “ using knowledge ” economy Why “NO”?

Why “NO”?:

It’s a BRAIN economy ! And you’d better not make the economy of the brain*! ;-) * your employees’ brains Why “NO”?

Why “NO”?:

Second, In many countries , organizations of any size are facing the following challenges : Why “NO”?

Following challenges:

Following challenges - war of talent - succession planning - effective leadership - employee engagement - motivation - retention - feeling of recognition - culture problems - cross-culture problems - lost productivity - lost creativity - time, money and resources wasted -…

So what makes the human capital?:

So what makes the human capital ? They are different layers, different angles/perspectives to solve different problems.

So what makes the human capital?:

Mainly human capital is not tangible but observable in terms of results . So what makes the human capital ?

So what makes the human capital?:

It’s not tangible because human mind is one of the most complex things in the Universe. So what makes the human capital ?

So what makes the human capital?:

“If the human brain were so simple that we could understand it, we would be so simple that we couldn't.” ~ Emerson M. Pugh So what makes the human capital ?

So what makes the human capital?:

To make things simple and accessible, your h uman c apital ( as an individual or as an organization ) is the s um of : So what makes the human capital ?

So what makes the human capital?:

- T houghts , f eelings, b eliefs and p erceptions regarding self and others, e motional i ntelligence, personal m aps of the w ords, personal and professional v alues, higher s ense of p urpose, different layers of c ulture,… So what makes the human capital ?

So what makes the human capital?:

the T ransformation of previous list in terms of actions and behaviors – social behaviors, professional behaviors- , the ability to produce results and what kind of results ,… So what makes the human capital ?

So what makes the human capital?:

the c onceptual t hinking, v alue j udgment, d ecision m aking s tyles, the a bility to see how things works together, … So what makes the human capital ?

So what makes the human capital?:

All these are I dentifiable and M easurable; there are W ays to D evelop them! So what makes the human capital ?

Human Capital Purpose:

Human Capital Purpose The purpose of a H uman C apital M anagement / O ptimization D epartment is

Human Capital Purpose:

to a lign , to o ptimize the h uman c apital with the b usiness g oals and business n eeds to achieve s uperior p erformance , and so, by the way, to improve the quality of life inside and outside the organization. Human Capital Purpose

Sustainability:

Sustainability Moreover, the Human Capital Management / H uman C apital MINDSET is not just trendy!

Sustainability:

IT’S SUSTAINABLE . IT MAKES ORGANIZATIONS SUSTAINABLE . Because it puts P eople First . Sustainability

“Putting People First”:

“Putting People First” And “ P utting P eople F irst ” is both a matter

“Putting People First”:

of L EADERSHIP , “Putting People First”

“Putting People First”:

- and answering a g lobal d emand from i ndividuals * requiring for “ Less F inance and More H uman oriented decisions and actions in business life” * wherever they are from – from developed countries to emerging economies (such as Bangladesh) “Putting People First”

So, >, = or < ?:

So, >, = or < ? Some people asked me: So, Human Resources > , = or < to Human Capital ?

So, >, = or < ?:

They are the 2 different faces of the same coin. So, >, = or < ?

So, >, = or < ?:

So, >, = or < ? H C Person H R Person

So, >, = or < ?:

So, >, = or < ? This is the same question as “Is L eadership more important than M anagement ?”

So, >, = or < ?:

Leadership without management : not that much happens! So, >, = or < ?

So, >, = or < ?:

Management without leadership: things happen, but what for? Loss of meaning loss of motivation and then ruin of everything on the long run … So, >, = or < ?

? Human Capital practitioners:

? Human Capital practitioners Some people asked me: “Are HR professional more predisposed to be HC practitioners ?”

? Human Capital practitioners:

Do you think years of experiences in payroll, in recruiting process, … are particularly relevant or more than … (let’s say) sales or public relation experiences? ? Human Capital practitioners

? Human Capital practitioners:

If so, explain me! ;-) ? Human Capital practitioners

? Human Capital practitioners:

Human Capital practice requires: T ools , M ethodologies and B usiness A cumen (successes and failures experiences) ? Human Capital practitioners

? Human Capital practitioners:

Human Capital practice requires: O penness , D esire for h elping o thers , R eflective W ork on S elf , ? Human Capital practitioners

? Human Capital practitioners:

Human Capital practice requires: Superior E mpathy skills , C ommunication skills , S trategy and P ractical skills ? Human Capital practitioners

The end:

The end I whish differences are c learer now for you.

The end:

Have a great day ! The end

The end:

You have G reat P eople ! The end

The end:

The end You are a G reat P erson !

The end:

Need HELP ? Want to identify your Human Capital? More? Take action now ! xavier.bariller gmail.com The end

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