In today's competitive business landscape, companies are constantly searching for ways to maximize their efficiency and profitability. One often overlooked aspect of this quest is the value that human capital brings to an organization. Human Economic Value Added (HEVA) is a concept that sheds light on this crucial element, allowing companies to understand and enhance the true worth of their employees. Human Economic Value Added (HEVA) measures the economic contribution of human capital to a company. It goes beyond the traditional financial metrics and recognizes the impact that employees have on the organization's overall performance. HEVA takes into account factors such as skills, knowledge, experience, and productivity, providing a more comprehensive evaluation of the value employees bring to the table. Calculating and enhancing Human Economic Value Added is crucial for several reasons. Firstly, it allows companies to accurately evaluate the contribution of their employees, e
A company that learns faster than its competitors can take a step ahead of the competition. In my article "Mastery System", I shared my thoughts about what this system is and what risks it has for the company. In this article, I will try to express my opinion on what steps should be taken to prevent such a situation in the management system. The reason for the existence of the mastery system is that the management system is not fully regulated. The lack of regulation of the management system means the absence or insufficiency of regulatory documents regulating the activities of the company. In unregulated systems, due to the fact that the problems that will arise related to the system op eration are not determined in advance, uncertainties and stops can occur in the process flow. In addition, one of the most affected systems within the company's overall management system is the company's human resources system. So, as I mentioned in the previous article, the maste