Investment in Human Capital as a Means to Preserve IT Strategic Advantage in an Organization: A Case Study of Greece

Investment in Human Capital as a Means to Preserve IT Strategic Advantage in an Organization: A Case Study of Greece

Nikolaos Preve (National Technical University of Athens, Greece)
DOI: 10.4018/jhcitp.2012040103
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Abstract

The rapid evolution of technology during the past decade has increased among large organizations, while at that same time they are reducing costs to retain their strategic advantage in the market. Organizations have also realized that numerous employees or cutting the size of an organization is not always a solution. Most recently, they have turned their attention to the human factor, which is renewable, to gain and retain strategic advantage inside a competitive market. The paper analyses investment in human capital, demonstrating how it is the sole solution. This paper examines knowledge employees, based on a well-structured IT department, and how they increase productivity and comprise the core of the organization structure. The leadership of an organization must administer its human resources properly to maximize the profit of their investment.
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The Need For Investment In Human Capital

The investment in human capital imposes its planning according with the analysis of the organizational needs, tasks, personal skills and qualifications because the strategic goals of the enterprise form the framework in which we plan all the activities concerning the handling of the human factor. The first step for the analysis of the organizational needs sees to the congruency of the demands for the realization of the organizational goals along with the qualitative dimension of the human capital.

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