Human capital development: focusing on a knowledge-based society
Over the past few decades, many countries have developed strong and independent industries with a high degree of localization. As time passes, these developments have involved the utilization of many facets and different vehicles to achieve remarkable industrial progress. No matter what the vehicle is, the human factor is the one thing they have in common: a sustainable and long-term investment in the developments of human capital that enabled these advancements.
STRUCTURED AND SUSTAINABLE HUMAN CAPITAL DEVELOPMENT IS THE KEY SUCCESS FACTOR IN FOSTERING AND DEVELOPING INDUSTRIES IN EMERGING COUNTRIES
So how should a nation or a government (agency) approach the development of human capital so that both a specific industry and the country are advanced? Our four-step approach is the basis for starting the journey towards a strongly developed industry – an approach that has proved successful in various projects. Let’s find out more about each step together.
1. Define a target state & set the goals
It is crucial to know where one is headed – a target state to work towards to. This target state will then be translated into a specific set of goals, that will enable us to answer the most important questions that will lead us to efficient solutions.
2. Assessing the status-quo and analysing the gap
This needs to be performed overarchingly and across all professions and occupations in one database – in a skill matrix. However, this is not only about listing these skills. More importantly, it is also about the connection of these skills to occupations.
3. Creating programs and bridging the gap
The third step towards reaching the target state focuses on solutions – on programs, initiatives and events that collectively help in closing.
4. Reaching the target state
Last, but not least, we are now looking at the final step towards achieving the envisioned target state: implementation. As with many great ideas, putting them into practice is what makes them even greater. The same goes for our programs, solutions, and initiatives. Only if implemented can they contribute to fostering an industry, advancing human capital, and ultimately closing the qualitative and quantitative gap confronting the labor market.