3/4/24, 9:28 PM SLP – MGT407 Principles of Human Resource Management (2024MAR04FT-1) 1/4 Module 1 – SLP MANAGING HUMAN CAPITAL Overview Role in Managing

3/4/24, 9:28 PM SLP – MGT407 Principles of Human Resource Management (2024MAR04FT-1)

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Module 1 – SLP

MANAGING HUMAN CAPITAL

Overview

Role in Managing Human Capital

Today’s Human Capital Management approach perceives
employees as assets (human capital) whose current value can be
measured with metrics and whose future value is also measurable
and can be enhanced through investing in the development of
employees.

At the same time, the HR department must show compassion for
the various situations in which employees find themselves.

Small organizations often have team members performing multiple
HR roles, such as benefits administration, recruitment, selection,
payroll, and employee development/training. Normally, larger
companies have at least one person in each of these areas. If a
company’s HR team is too small for its number of employees, it is
likely that employee dissatisfaction will rise because of delayed
response times regarding resolution of issues. For example, an HR
manager may not understand the timeliness needed for hiring
replacement employees for various departments. If that happens,
improvement in communications among departments is needed. If
a new employee must wait for a busy HR staff member to update
insurance records, filing deadlines could be missed.

Legal Compliance

All organizations, however, must follow employment laws and
regulations related to discriminatory practices, retaliation for whistle

Listen

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blowing, or other serious issues.

This SLP assignment looks at an interesting contrast between
company ideals and actual practices. For example, we are looking
ahead to how employees should be viewed as assets. First, view
the four potential futures identified by Deloitte for the worker-
employer relationship:

a. Work as fashion

b. War between talent

c. Work is work

d. Purpose unleashed

Each video is less than 5 minutes long and is found in the following
link:

Deloitte (n.d.). On the line: A video series on the worker-employer
relationship: From the 2021 Deloitte Global Human Capital Special
Report.
employer-employee-relationship-human-capital.html.

Let’s compare this concept with an adverse management practice
—utilizing children as workers. Think about companies that do
business overseas, and more specifically ones who use child labor,
such as the popular coffee company, Starbucks (Cousins, 2019).

Cousins, F. (2020, March 7). Starbucks is using child labor
overseas to pick coffee beans [Video]. YouTube.

Phillpott (2019) explains that the following U.S. companies
overseas still use child labor in the following article: Nestle, Philip
Morris, Microsoft, Apple, and Hershey’s.

Phillpott. (2019). 10 companies that still use child labor. Career
Addict.
child-labor

employer-employee-relationship-human-capital.html
employer-employee-relationship-human-capital.html
child-labor
child-labor

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SLP Assignment

For this SLP 1 assignment, consider what you have learned about
the “Human Capital Management” approach to Human Resource
Management and child labor practices that are reported to still be
occurring in some U.S. companies overseas.

Using the Trident Online Library, research two US companies that
have been found to use child labor. In your submission, discuss
what the companies are doing to dispel the shadow over the
companies because of this practice. Also discuss what role the
HRM has to develop a culture where all employees, regardless of
age or nationality, are valued and treated as assets.

In addition to the three background readings listed above, find at
least one other high-quality source from the Trident Online Library
to support your essay. (High quality sources are found in peer-
reviewed journals and textbooks.)

Submit the 2- to 3-page SLP Assignment submission into the
appropriate drop box by the Module 1 due date. The page count
does not include the cover page or reference list page. The title at
the top of page two should be the title you give your submission,
not “Introduction” although the first paragraph of a paper is always
an introduction. There is also a conclusion required at the end of
this assignment that is a synopsis of your findings uncovered during
the process of completing this assignment.

SLP Assignment Expectations

Your submission will be assessed on the criteria found in the
grading rubric for this assignment:

1. Meets assignment requirements

2. Critical thinking

3. Writing and assignment organization

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4. Use of sources and mechanics

5. Timeliness of assignment

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