Human capital of an organization is the assets that are not shown on the balance sheet of a company but they comprise the quality of a worker working in an organization. Human capital includes attributes like education of an employee, whether he is given a proper course of training, intelligence, skills, health as well as loyalty and punctuality of an employee [1](Kenton, 2020). It emphasizes that an organization should keep in mind the needs as well as the requirements of the employees in the organization. Human capital directly emphasized the quality of production. (Johson, 2018) In Art’s food, the company is only concerned about productivity and not about the needs of the employees of the organization.
The position in which the staff of the educational area has found themselves is there is a lack of recognition by the management of the organization which is resulting in the decline of service. The organization is only concerned about meeting its goals, which the organization is doing effectively therefore, they are not concerned about the needs of the workers of the firm.
The main reason of how this position is reached in the organization is the lack of interest of the employers to satisfy the wants and needs of the employee in the organization. If the situation gets worse and the employers do not take the necessary steps then Raquel will leave the organization as the personal objectives of her are not met and fulfilled in the organization which will ultimately lead to stress in the team working as the other members of the team like Annabel, Julia, Enrique and Elisabeth are the core of the team and all of them work under Raquel only. Hence the productivity of the organization will be affected directly.
The needs that the organization requires now is that the organization needs an effective and efficient management system that not only take steps just to fulfill the needs of the targets of the organization but also keeps in mind the needs of the employees working in the company. In short, the needs of the employees as well as organizational goals should be both taken care of by the management or the employers of the organization.
Right now the educational area of the company is in the second stage which is the storming stage. There is a conflict of interest because the management is not concerned about the needs of employees of the team. The main aim of the organization is to achieve the targets without considering the needs of the employees. At this stage, the company needs to accept an individual’s needs to work effectively and productivity is achieved.
A Formal team comprises the members who work for the organization to achieve the organizational goals whereas the informal team is formed by the employees to achieve their personal goals and needs.(Kukreja, n.d.) In the following case analysis of Food Art’s company, the formal team comprises Mr. Joseph font chief of operations, Mr. Roger founder and Director of the company, Joan the Salesman, and Elisabeth as all these people are not having any personal goals to meet and they are happy with the organizational structure. Whereas the informal team comprises Raquel Torra who is the director of the educational area, Enrique who is a salesman, Lorena, Julia, and Annabel. All these team members form the informal team as few of the members are not able to meet their personal goals and the rest are not happy with the management of the organization. Hence, all these members constituter an informal team.
According to the theory of Meredith Belbin, a team in an organization is not a group of random people working on different objectives; on the contrary, it is a group of people who are working together. The role of each member of a team is not the same and it should be understood by the members of the team. Belbin had defined nine types of behavior which are known as ‘Belbin Team roles’. It is very important to first analyze what are the objectives of the team to decide which member of the team should be allotted to which particular behavior. The nine roles are as follows-
The management functions that are performed by Roger are – taking effective steps to achieve the economic goal of the organization. He lacks the quality of being a good employer and director of the company as he is only concerned with achieving the economic targets of the company, keeping aside the personal goals and objectives of the employees working under him. This quality is not considered one such good quality of an employer and a team leader.
The qualities that roger should work on to be a more efficient and complete leader are as follows:-
Roger at the last should also work on the quality of respect. Treating the employees working under you with respect on an everyday basis is considered one of the most important qualities of being a good leader.
If roger will have a proper empowerment Plan, then the employees will be motivated, they will have better trust in Leadership, it will motivate the employees to perform better and the plan will provide better opportunities for professional growth.
If Roger is more inclined towards the need of the organization and personal goals of the employees then the plan can be effectively achieved.
Roger should use the inspiration of being more grateful to the team, appreciating the employees for the work that they have done and, communicating with them more often in order to bridge the gap of communication between the leader and employee.
Alsever, J. (2020). Principles of Managment. Retrieved October 6, 2020, from https://courses.lumenlearning.com/suny-principlesmanagement/chapter/reading-the-five-stages-of-team-development/
High Peformance Leadership. (2020). Retrieved October 6, 2020, from https://www.imd.org/hpl/leadership-reflections/leadership-styles/
Johson, D. P. (2018). Human Capital. Retrieved October 6, 2020, from webhome.abhu.edu: http://webhome.auburn.edu/~johnspm/gloss/human_capital.phtml
Kenton, W. (2020, September 4). What Is Human Capital. Retrieved October 6, 2020, from Investopedia.com: https://www.investopedia.com/terms/h/humancapital.asp#:~:text=Human%20capital%20is%20an%20intangible,on%20a%20company's%20balance%20sheet.&text=This%20includes%20assets%20like%20education,such%20as%20loyalty%20and%20punctuality
Kukreja, S. (n.d.). Types of Groups : Formal and Informal. Retrieved October 6, 2020, from https://www.managementstudyhq.com/types-of-groups.html
Singh, A. (2009, October 9). Organizational Power in Perspective. Retrieved October 6, 2020, from ascelib.org: https://ascelibrary.org/doi/10.1061/%28ASCE%29LM.1943-5630.0000018
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