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
Diversity in counsel, unity in obedience to command The most important task of management is decision-making. As it is known, organizations are faced with the need to make decisions to solve the various problems they face from the day of their formation. Decisions made by organizations to solve their problems are called management decisions. Effective organizations outperform their competitors in terms of decision-making in 3 ways: - they make correct and reasoned decisions; - they make decisions faster; - they implement the adopted decisions more quickly and successfully. As can be seen, the decision-making process is considered very important in terms of the effectiveness and competitiveness of organizations and constitutes the core of the management process. The decision-making process in management is the selection of the best among the alternatives for the organization or individual individuals to achieve their goals within the scope of their duties and powers. The most import