Business and Labor Portfolio - Part 4
You are well on your way to securing investors for your business. You have determined a business, evaluated the business organizations to choose the most appropriate for your business, and determined and allocated scarce resources for your business. The final step is to analyze how you will invest in human capital.
Directions: On the same document you created for parts 1-3, complete the following questions. Save your responses and submit all four parts of your portfolio to the Drop Box in this lesson.
Spend some time researching a website that posts jobs online, like monster, ziprecruiter, or indeed
Question 1
In your particular field of business, what skills do other employers require?
Question 2
What criteria would you use when it comes to hiring employees?
Question 3
How would you help your employees improve and grow while working for you?
Question 4
Write 6-8 sentences addressing the following: Why is investing in human capital important for your business? How would the benefits of investing in your employees and their growth outweigh the costs?
Question 1
In the field of technology, employers often require skills such as programming languages (such as Java, Python, C++), knowledge of databases, software development, project management, problem-solving skills, and strong communication skills.
Question 2
When it comes to hiring employees, I would use criteria such as relevant experience in the field, educational background, technical skills, communication skills, teamwork abilities, and a positive attitude. I would also look for individuals who are adaptable, willing to learn, and have a passion for technology.
Question 3
To help my employees improve and grow while working for me, I would provide ongoing training and development opportunities, mentorship programs, opportunities for advancement within the company, regular feedback and performance evaluations, and a supportive work environment that fosters collaboration and creativity. I would encourage employees to take on new challenges, work on innovative projects, and continue to expand their skills and knowledge in the field.
Question 4
Investing in human capital is important for my business because employees are the backbone of the company. By investing in their growth and development, we can build a skilled and motivated workforce that will contribute to the success and growth of the business. The benefits of investing in employees outweigh the costs because it leads to higher employee satisfaction and retention, increased productivity and efficiency, a positive company culture, and a competitive edge in the industry. Employees who feel valued and supported are more likely to be loyal, dedicated, and willing to go above and beyond to help the company succeed. Ultimately, investing in human capital is an investment in the long-term success and sustainability of the business.