HR Management: Forms of Capital, People Management Practices, and Risks

HR MANAGEMENT

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
1. Explaining different forms of the capital that contributes to success of the Mother ..............3
2. Defining the role of the people management practices supporting such capital forms .........3
3. Risk and problems for organization.........................................................................................4
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................1

INTRODUCTION
HR management practices deals with the process of recruitment, training and selection of
the highly talented people in the organization in order to attain organizational success. The
present study is based on the case study in London, highlighting the forms of the capital,
practices of people management and the problems that the Mother may face in future.
1. Explaining different forms of the capital that contributes to success of the Mother
The 3 major forms of the capital through which the mother has drawn for developing her
creative outputs are Human capital, organizational and a social capital.
Human capital- They are seen as entirely reliant upon quality of their respective human
capital for achieving success (Gorman and et.al., 2017). This means that they adopts the people
centred approach. The staff itself is having higher reputation within the industry that is built over
several years and they seems to be highly experienced and skilled. They have the passion of the
creativity, inquisitive, challenging and conviction regarding the work they perform.
Social capital- the culture within the firm plays a crucial role in the success of the
mothers and the fir with an organisational culture provides higher level of priority to the
creativity which in turn is essential for attaining success. Without this form it is not possible for
the mothers to convert their skills into the valuable output.
Organizational capital- It relates to the process, structure and the procedures which are
considered as the core principles of the mother (Meyers and et.al., 2019). The structure of an
organization is seen as relatively flat containing only the three levels of an interaction between
the junior staff and the partners.
2. Defining the role of the people management practices to support such capital forms
People management practices refers to the shared responsibilities between three types of
the groups that is HR team, discipline heads and the partners. Such practices makes the direct
contribution towards the success of the Mother in the future (Jain, 2016). Resourcing is the
practice where the task of the human resource is to balance with needs and requirements of an
employees for the challenging work. Training and development is an another practice which
helps in developing the skills and personality of an employees. Lastly, performance management
and the rewards is the practice that helps in encouraging the employees to perform the task
effectively and efficiently.