Abstract
In an era where technology and innovation seem to take over every organizational process, differentiation in terms of sustainable economic growth is achieved by implementing a human capital management system. In order to develop a proper model that encompasses a long-term perspective and an infinite organizational mindset, using a survey questionnaire collected data from 118 responses and 3 focus groups were conducted. This paper aims to highlight the results regarding the degree of implementation of the human capital management system and the implications for organizational performance arising from this approach. The results of this study present an evaluation model of human capital in organizations operating in the automotive field.
Highlights
The present is characterized by new industries that take over markets which no long ago did not exist
Innovation and sustainable progress are closely linked to adequate management of intellectual capital
Previous studies have confirmed the correlation between intellectual capital and organisational performance [16 - 19]
Summary
The present is characterized by new industries that take over markets which no long ago did not exist. From an organizational point of view, the sustainable development goals are pursued through indicator number eight which has as sub-indicators: achieving higher levels of productivity through diversification, technological modernization and innovation, including through a focus on sectors with added value and intensive use of labour, and the promotion of policies that support productive activities, the creation of decent jobs, entrepreneurship, creativity and innovation, and encouraging formation and growth of micro, small and medium-sized enterprises. Another sustainable development goal related to the subject of this article is the one assigned to indicator number nine. By analyzing different excellence models (e.g. ISO 9000 family of standards, Malcom Baldridge model, and EFQM model) can be emphasized a correlation between innovation and the organization's performance, 80% of organizations deeming it even to be the key factor of success [4]
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