By Jay Liebowitz
President Bush's number-one administration initiative for the government is the Strategic administration of Human Capital. in line with Knowledgeworkers.com, human capital is the gathered price of an individual's mind, wisdom, and adventure. within the U.S. federal executive, a human capital concern exists. the standards contributing to a human capital hassle comprise an information bleed as a result of retirement eligibility, altering views on paintings, and escalating wisdom loss. in response to a Joint listening to at the Federal Human Capital, via 2005, greater than 1/2 the 1.8 million non-postal civilian staff may be eligible for early or standard retirement. an excellent larger percent of the Senior govt carrier, the government's middle managers, can be eligible to leave.All govt organisations are required to boost a human capital process by way of 2005. a lot of those businesses have scored a "red" (lowest ranking) at the executive Scorecard within the approach they're forthcoming their strategic administration of human capital. This booklet is an govt briefing on constructing a winning human capital procedure in line with classes discovered from interpreting latest techniques at executive enterprises similar to NASA.Using an information administration standpoint, Liebowitz identifies 4 pillars of a good approach and provides examples of those in perform. * President Bush's number-one administration initiative for the government is the Strategic administration of Human Capital: the subject of this booklet* All govt businesses are required to advance a plan by way of 2005--this is the 1st ebook to deal with this want* presents an easy framework govt organisations can use to enhance their approach
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Extra info for Addressing the Human Capital Crisis in the Federal Government: A Knowledge Management Perspective
In France and Germany, however, competency management has just recently appeared on the reform agenda. Competency-based management is being used in the Public Service of Canada. According to The Framework for Competency-Based Man agement in the Public Service of Canada (Treasury Board of Canada and the Public Service Commission, December ), competency-based management is the application of a set of competencies to the man agement of human resources to achieve both excellence in perfor mance and results that are relevant to the organization’s business strategies.
There is improved use of existing recruitment and retention tools, networks, and so on. • NASA is pursuing civil service legislative reforms through NASA Authorization Act . • NASA implemented a paperless hiring and promotion system. • NASA has an enhanced program management training. Other agencies are moving in similar directions as those at NASA in order to minimize the ensuing human capital crisis in their respec tive civilian workforces. I I A E S H C C According to Angela Gonzales’ Business Journal article “Employers Beware, Labor Shortages Loom Ahead” (October , ), the United States is facing a shortage of workers in the coming years.
Million workers to about , workers. In the next decade, we are projected to lose , more jobs in the aerospace ﬁeld. Also, there is an eroding industrial base and an aging and shrinking engineering and manufac turing community. Boeing hopes to leverage its competitive advantage to create value, but there are signiﬁcant human capital challenges facing them and many others in the aerospace and transportation industries. ppt). The New Relationship: Human Capital in the American Corporation (Brookings Institution Press, ), stress that human capital is the key asset for competitive advantage in American businesses.