The term HC is linked to one of the internal dimensions of Intellectual Capital (IC) and is made up of competencies, values, attitudes and education. Employees are an integral part of the IC of any organization and investing in the development of this capital will be beneficial in their quest for competitive advantage. HC has the potential in aiding an organization to be successful and sustain its competitive advantage over its competitors. People are most important assets for organizations, not its buildings nor materials but its knowledge and skills. The challenge lies in managers who need to ensure their IC is motivated and challenged. In order to hold onto the talent inherent in HC, organizations need to bond with their employees, empower and equip them with new and updated knowledge and skills to keep them constantly developing, innovating and therefore motivated.
Published in Chapter:
Challenges Enhancing Social and Organizational Performance
Ana Martins (Zirve University, Turkey), Isabel Martins (Zirve University, Turkey), and Orlando Pereira (University of Minho, Portugal)
Copyright: © 2017
|Pages: 19
DOI: 10.4018/978-1-5225-0948-6.ch002
Abstract
A vital component in the new age organizational paradigm is evident in spiritual capital, albeit many occasions leadership overlooks its importance. Nevertheless, this spiritual dimension is gaining acceptance in contemporary organizations as sustainability is very much dependent on this capital. The aim of this chapter is to analyze the principles of spiritual capital, its applicability in the organizational context and to reflect on the importance of this construct in contributing to organizational sustainability. This study aims to gauge the perception of employees about their spiritual capital and its importance in the workplace. We distributed a questionnaire as a data collection method to a sample in higher education institutions in order to create a reference to identify the spiritual resources in the organization. This chapter also analyzes the relevance of the spiritual capital construct, with special focus on spiritual leadership in organizations which are an integral part of the higher education sector.