Sunday, 20 March 2016

McKinsey Organizations Solutions Expert Andres Mejia Explains Human Capital

While working as a Senior Manager for Deloitte, Andres Mejia has discovered the value of human capital. This human resources concept is based on the thought that a well-educated, skilled, and trained employee presents a greater value to the company in which they work. Technically, human capital is the cumulative knowledge, social and personal attributes, and habits honed by an employee. These items each influence the employee's ability to perform their given tasks. The greater these abilities, the more economic value they own as a person. This is beneficial to both the employer and the employee.

Andres Mejia Mckinsey
 Human capital is often considered as a non-traditional form of wealth. If you consider the value of an employee who is untrained, versus one who is skilled, it is easy to see where one is worth more than the other. Human capital is generally broken down into two parts, social capital and intellectual capital. These intangible concepts are difficult to measure on paper, but do have a great effect on the business or organization that employs the worker. Social capital is a person's ability to form lasting social bonds and relationships. The employee who is wealthy in social capital makes friends easily, gains the trust of associates and clients with little effort, and is considered to be honest. Intellectual capital is the employee's ability to learn, take direction, and follow through on tasks. McKinsey Client Advisor Andres Mejia Mckinsey Understands Management Consulting

Management consulting is a service provided by Andres Mejia from McKinsey & Co. This act of assessing, diagnosing, and implementing organizational changes to a business is a key to success for any company. The overall goal is to help the business increase their performance through modifications made to the business model. For this to happen correctly an expert will assess the issues faced by the business from an internal standpoint. The general consensus is that a business or organization cannot accrue success if their internal systems are faulty.

When a management consultant identifies existing issues or road blocks within a business they will need to devise a set of solutions to those problems. The solutions must be feasible and able to be instituted without causing great hardship to the operations of the business. Once those plans are in place they need to be implemented. Some may question why a management consultant would need to be hired, why not use one of the existing executives that already work for the organization? The answer to this is simple. Hiring a professional management consultant ensures that the organization receives the guidance of a third party who is completely objective.

Years of management consultant experience has exposed these helpful professionals to become knowledgeable in the best practices for business. Witnessing the good decisions and poor choices of other companies teaches them what should be done for your company. As an advisor for McKinsey & Co, Andres Mejia uses these techniques to improve the productivity of hundreds of corporations.