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
Practicing once is better than reading a hundred times. Recently, I was having an interesting conversation with a young, but very potential and promising HR friend of mine. During the conversation, my young friend told an incident. I thought this event would be useful and wanted to share it with you. According to my young friend, there is a vacancy in the company where he works as HR. He also applies to his former university to fill the vacancy and asks the university to send some potential candidates who have recently graduated. The university, in turn, sends several potential graduates it deems suitable to an interview with our friend. During the interview process, young and inexperienced candidates try to show inappropriate sincerity, they prefer to talk about their shared values and mutual acquaintances, which they can have with our HR friend, rather than their personal professional qualities. This approach annoys our HR friend and decides not to hire candidates referred from the