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Page : 49 pages
File Size : 13,67 MB
Release : 2008
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The purpose of this joint applied project was to investigate and provide a comprehensive overview of the importance of human capital to the Department of the Navy civilian workforce. Causes for human capital loss in this arena are examined and plans to prevent a shortage and loss of talent, knowledge, and experience are addressed. Human capital is defined by Derek Stockley as the knowledge and experience each individual brings to the workplace. Investing in human capital is as important as investing in tangible assets, such as buildings and equipment. The value of human capital can be difficult to measure and is often realized in its absence. The joint applied project plan describes the extent to which the Department of the Navy plans, programs, and actions are deemed sufficient for mitigating the potentially negative impacts of an aging and demographically changing defense civilian workforce. This includes substantial recruiting difficulties and challenges retaining crucial skill sets that are changing during wartime. It will draw conclusions, make recommendations, and discuss alternatives to alleviate the impacts of these factors and trends on Navy civilian workforce performance.