Correlation between Human Capital Management and Organizational Outcomes

Correlation between Human Capital Management and Organizational Outcomes
Information is a significant tool in military operations since it helps achieve favorable outcomes. As such, it is essential to reduce decisions timeline to realize the significance of the available information. Utilizing the available data provides opportunities such as enhancement of network-centric operations for effective combat systems. On the other hand, the US Navy has shown efforts to implement capabilities-based planning (CBP) as a fundamental tool to plan under uncertainty and enhance flexibility within an economic framework. However, it is essential to analyze the risk factor and efficiency while pursuing the opportunities available within the budget constraints. The essence of CPB is to enable US Navy plan under uncertainty as well as realize that it is not easy to predict how to use the military forces. However, CPB would allow predicting situations such as conflict resolutions which will enhance the performance of various systems.
Job analysis process is a significant opportunity available at US Navy that would lead to human capital transformation and eradicate security challenges. Job analysis analyzes job requirements such as tools, abilities, and skills and presents human resource readiness in line with capital management. Additionally, the job analysis process can be used as a performance measure to establish the effectiveness of initiatives and activities such as training, planning, and recruiting.

Human resource is among the significant tools that an organization has that helps realize set goals for competitive advantage and sustainability. Human capital is an organization’s wealth that leads to labor productivity due to its investment in productive ways. Due to increased global wars and terrorism, the US Navy can reorganize the spectrum of its operations to respond promptly to issues affecting the state.
With the right data measure, the US Navy can meet the demands of the 21st-century issues and combat challenges affecting the world. The major aspect would be to realize that a human resource is a significant tool and its effective management would impact the productivity of other physical aspects positively. As such, it would be essential to equip the department with detailed skills and knowledge to respond to major calamities and attacks. Additionally, it will enhance achievements and accomplishments of economic costs in the huge military budget. In many cases, the military usually faces the issue of budget constraint due to investments challenges which would help in optimization of returns. Similarly, many organizations are also competing for the same skills and talents which lead to increasing technological complexity and demand for quality of the workforce.
The human capital theory is a significant tool that helps organizations incorporate heterogeneity of their human resource and focus on the diversity of the available capacity such as experience, demographics, and education. Individuals are rational and therefore maximizing their lifetime earnings is a significant aspect in investing on the available resources. US Navy can use avenues such as investment in education and training to enhance the stock of the available capacity. Employees gain generic skills during their education and training which is a valuable aspect to both the workers and the employer. US Navy can provide specific knowledge, skills, and abilities through experience and target training. Analyzing the available data can reveal the concept of the labor market in the United Security areas which would help define the administrative units in which the US Navy can apply various rules and procedures. Providing the military with the specific knowledge and skills can help the militants move along the ranks since the military is among the best examples of internal labor markets.