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
The mastery approach is the corporate incompetence created against the background of the inadequacy of the regulatory framework regulating activities in the enterprise, and in this environment of incompetence, employees perform work not according to any regulatory documents and instructions, but according to their personal practices or the instructions of other relatively more experienced employees. One of the biggest challenges facing companies in terms of human resources is a low-skilled workforce that does not have a deep understanding of their work. In particular, this problem manifests itself more prominently in production enterprises where there are complex technical processes where technical knowledge is more required. As we all know, the level of competence of the company's human resources affects the effective operation of the company's business processes, the company's strategic goals, and financial indicators. The problem of incompetent workforce brings with