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

Author

Listed:
  • Adela Suzana Artene

    (Tibiscus University of Timisoara)

  • Costicã Roman

    („Stefan cel Mare” University of Suceava)

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.

Suggested Citation

  • Adela Suzana Artene & Costicã Roman, 2012. "Human Capital Management Based on the Harvard Approach: a Solution for Reducing Human Capital Erosion," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 787-790, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:787-790
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    More about this item

    Keywords

    human capital; management; erosion; personnel; stakeholders;
    All these keywords.

    JEL classification:

    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management

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