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Human Capital: Foundations and Essentials

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Human Capital: Foundations and Essentials

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Gain insight into a topic and learn the fundamentals.
4.6

18 reviews

Intermediate level

Recommended experience

2 weeks to complete
at 10 hours a week

Gain insight into a topic and learn the fundamentals.
4.6

18 reviews

Intermediate level

Recommended experience

2 weeks to complete
at 10 hours a week

What you'll learn

  • Analyze and apply the Human Capital Management Circle Framework to real-world HR scenarios

  • Evaluate and employ strategies for effective communication and conflict resolution

  • Identify and explain the legal and strategic foundations of HR

  • Reflect on personal learning and development by maintaining a Learning Journal to document insights and track progress

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

4 assignments

Taught in English
Flexible schedule
Learn at your own pace

Build your subject-matter expertise

This course is part of the Extraordinary Human Capital Management Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
  • Learn new concepts from industry experts
  • Gain a foundational understanding of a subject or tool
  • Develop job-relevant skills with hands-on projects
  • Earn a shareable career certificate

There are 4 modules in this course

Unlock the potential of your HR career with β€œHuman Capital: Foundations and Essentials.” Dive into the evolution of HR roles, from traditional titles like Personnel Director to modern designations such as Human Capital Manager and People Operations Leader. This course equips you with the skills to evaluate and implement effective communication and leadership strategies that span the entire people space. Throughout the course, you’ll analyze and reflect on mini-case studies based on real-world scenarios to bridge course content with your own professional experiences.

Explore the legal and strategic aspects of HR as you transition from conventional methods to contemporary practices that prioritize employee engagement, well-being, and workforce development. With an overview of the Human Capital Management Framework and its implications on beliefs, values, and health and safety, this course ensures you are well-rounded in the fundamental and cutting-edge elements of human capital management. Immerse yourself in this dynamic field and emerge with the expertise to drive meaningful change in your organization. This is the first course in β€œExtraordinary Human Capital Management,” a course series for human resource professionals interested in advancing their skills to align with organizational and employee needs.

In the upcoming module of the course, you will embark on a journey to correlate the curriculum with your professional objectives. Those keen on HR careers will discover the Human Capital Management Circle Framework, which will be relevant to your ambitions to optimize HR processes and enhance workforce performance within your organizations. You will learn to define and apply the strategic tools of the framework effectively. The week will also offer insights into the various HR roles, including Personnel Director, HR Director, Human Capital Manager, People Manager, and Talent Manager, providing clarity on the different responsibilities each position entails. Furthermore, you will be introduced to essential strategies for leading effective communication, making decisions, and resolving conflicts, critical skills for maintaining a harmonious and productive work environment. A component of this week will involve starting the Learning Journals, encouraging you to document your educational progress and personal reflections as you progress through the study of human capital and HR.

What's included

6 videos7 readings1 assignment2 app items2 discussion prompts

6 videosβ€’Total 38 minutes
  • Introduction to Extraordinary Human Capital Managementβ€’9 minutes
  • Course Welcomeβ€’9 minutes
  • Introduction to Human Capital Management (HCM) Frameworkβ€’8 minutes
  • Introduction to Vignettes β€’1 minute
  • Debrief: A Seat at the Tableβ€’9 minutes
  • Introduction to Learning Journalsβ€’2 minutes
7 readingsβ€’Total 76 minutes
  • Syllabusβ€’10 minutes
  • Help Us Learn More About You!β€’10 minutes
  • Why Is It So Hard To Be A Chief HR Officer (CHRO)? β€’9 minutes
  • Why Did We Ever Go Into HR?β€’18 minutes
  • Introduction to the Gamut Workbookβ€’5 minutes
  • Vignette: A Seat at the Tableβ€’15 minutes
  • 10 Ways Journaling Benefits Studentsβ€’9 minutes
1 assignmentβ€’Total 30 minutes
  • Pre-Assessmentβ€’30 minutes
2 app itemsβ€’Total 60 minutes
  • Learning Journal: Goals Activityβ€’30 minutes
  • Learning Journal: Module 1 Reflectionβ€’30 minutes
2 discussion promptsβ€’Total 40 minutes
  • Meet Your Fellow Global Learnersβ€’10 minutes
  • A Seat at the Table Discussionβ€’30 minutes

In the second module, you will concentrate on introspective examination as you clarify your personal beliefs and values that underpin your approach to human capital management. The coursework will guide you through a process of self-discovery to identify what principles are most important in your professional life. Concurrently, you will research and identify companies that are known for their positive strategic human capital management practices. Through case studies and discussions, you will be exposed to various companies who are celebrated for championing progressive approaches to human capital within their organizations. The Learning Journals this week will serve as a critical tool for reflection – you will document your evolving understanding of what constitutes effective human capital leadership and how your own values align with those in the field. By the close of the module, you will have a clearer vision of how personal beliefs shape leadership styles and the impact this can have on human capital strategies in the workplace.

What's included

6 videos5 readings1 assignment1 app item2 discussion prompts

6 videosβ€’Total 85 minutes
  • Beliefs and Values Core to People Managementβ€’3 minutes
  • Debrief: Plante & Moran: All You Really Need To Know β€’6 minutes
  • Interview with Alex Engebretsonβ€’37 minutes
  • Debrief: Quicken Loans: Enduring an Entrepreneurial Spiritβ€’6 minutes
  • Interview with Lynn Wootenβ€’28 minutes
  • Debrief: Alex Engebretson & Lynn Wooten Interviewsβ€’5 minutes
5 readingsβ€’Total 92 minutes
  • Sanger Values Card Sortβ€’30 minutes
  • Plante-Moran: from day one, experience our difference β€’2 minutes
  • (Optional) Plante & Moran: All You Really Need To Knowβ€’10 minutes
  • Great Place to Work Podcast: Mike Malloy of Rocket Mortgageβ€’40 minutes
  • (Optional) Quicken Loans: Enduring an Entrepreneurial Spiritβ€’10 minutes
1 assignmentβ€’Total 30 minutes
  • Quiz 1β€’30 minutes
1 app itemβ€’Total 30 minutes
  • Learning Journal: Module 2 Reflectionβ€’30 minutes
2 discussion promptsβ€’Total 60 minutes
  • Qualities of Your Best Leaderβ€’30 minutes
  • Quicken Loans' "-Isms" β€’30 minutes

In Module 3, you will concentrate specifically on understanding the critical nature of workplace health and safety as a core value, venturing into its expansive significance across industries and borders. The course will use the first vignette as a learning model. This exploration will extend into the legal domain, empowering you to decide when legal expertise is required and develop an awareness of diverse international and industrial laws related to health and safety. Additionally, the module will address the evolution of employee engagement with wellness programs in the context of the post-Covid world, prompting you to consider strategies that prioritize health and safety as central components of organizational resilience.

What's included

7 videos3 readings1 assignment1 app item1 discussion prompt

7 videosβ€’Total 65 minutes
  • Introduction to Health and Safetyβ€’4 minutes
  • Debrief: The Cooling Loopβ€’11 minutes
  • Health and Wellnessβ€’4 minutes
  • Dangerous Situationsβ€’3 minutes
  • OSHA and International Lawsβ€’2 minutes
  • Interview with David Oliverβ€’39 minutes
  • Module 3 Summaryβ€’1 minute
3 readingsβ€’Total 35 minutes
  • Vignette: The Cooling Loopβ€’25 minutes
  • The 2022 CEOs Who 'Get It'β€’3 minutes
  • National Day of Mourning Offers Canada a Chance to Rethink Worker Health and Safetyβ€’7 minutes
1 assignmentβ€’Total 30 minutes
  • Who Is Responsible?β€’30 minutes
1 app itemβ€’Total 30 minutes
  • Learning Journal: Module 3 Reflectionβ€’30 minutes
1 discussion promptβ€’Total 30 minutes
  • The Cooling Loop Discussionβ€’30 minutes

During Module 4, you will define and examine the concept of infrastructure within the realms of Human Resources and Human Capital Management. You will learn to classify various types of infrastructures and understand their critical roles in supporting the different quadrants and rings of the HR/HCM Framework. Emphasis will be placed on distinguishing between basic compensation, such as pay or salary, and the broader notion of Total Compensation, which encompasses various monetary and non-monetary benefits. You will evaluate the components of Total Compensation, identifying those most relevant and beneficial for use in your professional practices. The module will also introduce the relationship between GenAI and People Analytics in modern HR/HCM, exploring how these technologies can enhance decision-making and operational efficiency. You will engage in generating practical ideas on how GenAI and People Analytics could be leveraged to benefit yourself and your organizations, using insights drawn from course material and discussions.

What's included

7 videos3 readings1 assignment2 app items1 discussion prompt

7 videosβ€’Total 58 minutes
  • Module 4 Objectivesβ€’1 minute
  • Introduction to Infrastructureβ€’12 minutes
  • Money, Money, Moneyβ€’2 minutes
  • Interview with Lily Dipietroβ€’30 minutes
  • The Belgium Plant Walk-outβ€’3 minutes
  • Total Compensationβ€’4 minutes
  • Module 4 Summaryβ€’5 minutes
3 readingsβ€’Total 48 minutes
  • High Income Improves Evaluation of Life But Not Emotional Well-Beingβ€’30 minutes
  • Understanding People Analytics & Their Benefits for Your Organizationβ€’8 minutes
  • Post-Course Surveyβ€’10 minutes
1 assignmentβ€’Total 30 minutes
  • Quiz 2β€’30 minutes
2 app itemsβ€’Total 60 minutes
  • Learning Journal: Compensation and Benefits Activityβ€’30 minutes
  • Learning Journal: Module 4 Reflectionβ€’30 minutes
1 discussion promptβ€’Total 30 minutes
  • Potential Improvementsβ€’30 minutes

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Instructor

University of Michigan
10 Coursesβ€’203,785 learners

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Frequently asked questions

To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

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