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Human Capital

Foundations and Essentials

Cheri Alexander

Unlock the potential of your HR career with “Human 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.

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Unlock the potential of your HR career with “Human 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 “Extraordinary Human Capital Management,” a course series for human resource professionals interested in advancing their skills to align with organizational and employee needs.

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What's inside

Syllabus

Module 1: Introduction
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.
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Module 2: Beliefs and Values and the Center of the Framework
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.
Module 3: Health & Safety - A Specific Value
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.
Module 4: Infrastructure
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.

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Explores the evolution of HR roles, which helps professionals adapt to modern designations like Human Capital Manager and People Operations Leader
Examines mini-case studies based on real-world scenarios, which helps bridge course content with professional experiences
Analyzes the Human Capital Management Framework, which ensures a well-rounded understanding of the fundamental and cutting-edge elements of human capital management
Belongs to a series of courses, which indicates comprehensiveness and detail in the study of human capital management
Requires learners to document their educational progress and personal reflections, which may be time-consuming for some learners
Explores the legal domain related to health and safety, which empowers learners to decide when legal expertise is required

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Human Capital: Foundations and Essentials with these activities:
Review HR Terminology
Familiarize yourself with common HR terms and concepts to better understand the course material.
Browse courses on Human Resources
Show steps
  • Create a glossary of key HR terms.
  • Review definitions and examples of each term.
  • Test your understanding with online quizzes.
Review 'Human Resource Management' by Gary Dessler
Gain a broader understanding of HR principles and practices to supplement the course content.
View Fundamentals of Human Resource Management,... on Amazon
Show steps
  • Read selected chapters relevant to the course modules.
  • Take notes on key concepts and examples.
  • Reflect on how the book's content relates to your own experiences.
Analyze Company Culture
Apply course concepts by analyzing the culture of your current or a past employer.
Show steps
  • Choose a company to analyze.
  • Research the company's mission, values, and practices.
  • Interview employees to gather insights.
  • Write a report summarizing your findings and recommendations.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Create a Presentation on Employee Engagement
Solidify your understanding of employee engagement strategies by creating a presentation.
Show steps
  • Research different employee engagement strategies.
  • Develop a presentation outline.
  • Create visually appealing slides with key information.
  • Practice your presentation delivery.
Review 'The SHRM Body of Applied Skills and Knowledge (SHRM BASK)'
Deepen your understanding of HR competencies and prepare for professional certification.
View Putting Knowledge to Work on Amazon
Show steps
  • Review the key competency areas outlined in the book.
  • Assess your own skills and knowledge against the SHRM BASK.
  • Identify areas for improvement and create a development plan.
Volunteer at a Local Non-Profit
Gain practical experience in HR by volunteering at a local non-profit organization.
Show steps
  • Identify a non-profit organization in your community.
  • Contact the organization to inquire about volunteer opportunities.
  • Assist with HR-related tasks such as recruitment or employee relations.
  • Reflect on your experiences and learnings.
Develop a Total Compensation Package
Apply your knowledge of compensation and benefits by designing a total compensation package for a hypothetical employee.
Show steps
  • Research industry benchmarks for compensation and benefits.
  • Identify the needs and preferences of the hypothetical employee.
  • Design a comprehensive compensation package including salary, benefits, and perks.
  • Present your compensation package to a peer or mentor for feedback.

Career center

Learners who complete Human Capital: Foundations and Essentials will develop knowledge and skills that may be useful to these careers:
Human Capital Manager
A Human Capital Manager is responsible for developing and implementing strategies that optimize the workforce. "Human Capital: Foundations and Essentials" is directly applicable to this role, as it introduces the Human Capital Management Framework. It also covers the evolution of HR roles into titles such as Human Capital Manager. The course also emphasizes employee engagement, well-being, and workforce development, all of which a Human Capital Manager must consider. The legal and strategic aspects of HR covered in the course will be a significant asset here. This course is highly relevant because it is designed to help HR professionals advance their skills in this area. This is a strong start in moving towards the Human Capital Manager role.
See salaries and explore the career path for Human Capital Manager
People Operations Leader
A People Operations Leader develops and implements strategies to enhance the employee experience and organizational effectiveness. This course, “Human Capital: Foundations and Essentials,” directly relates to the kind of work a People Operations Leader does. The course addresses the evolution of HR titles, including People Operations Leader, and it covers the Human Capital Management Framework. The course also delves into employee engagement, well-being, and workforce development, all essential elements of the People Operations Leader role. The focus on communication and leadership will be useful, as will the course's exploration of the legal and strategic aspects of HR. This course is designed for advancement in areas like the People Operations Leader.
See salaries and explore the career path for People Operations Leader
Human Resources Generalist
The role of a Human Resources Generalist involves managing various aspects of the employee lifecycle, from recruitment to offboarding. This course, "Human Capital: Foundations and Essentials," will be useful because it covers the evolution of HR roles and modern practices. It also introduces the Human Capital Management Framework, which is crucial for a Human Resources Generalist to understand. The course provides a look at the legal and strategic aspects of HR, which can help inform the actions of a Human Resources Generalist. Additionally, the course also covers effective communication and leadership, which are essential skills for this role. The course explores topics such as employee wellness and total compensation, all of which are within the purview of a Human Resources Generalist.
See salaries and explore the career path for Human Resources Generalist
Talent Manager
A Talent Manager is responsible for developing and implementing strategies to attract, develop, and retain talent within an organization. "Human Capital: Foundations and Essentials" will be helpful because it introduces various HR roles, including Talent Manager. The course covers the Human Capital Management Framework and explores the legal and strategic aspects of HR, which a Talent Manager can use. This professional will also benefit from the course's coverage of employee engagement and workforce development. The course also includes essential strategies for effective communication and decision making, which are crucial for a Talent Manager. This course explores the full breadth of the people space and will benefit those in this role.
See salaries and explore the career path for Talent Manager
Compensation Analyst
A Compensation Analyst is tasked with evaluating and creating compensation and benefits packages for employees within an organization. The course "Human Capital: Foundations and Essentials" explores the difference between basic and total compensation, a topic directly relevant to a Compensation Analyst. The course also covers the broader concept of human capital management, which can enable a Compensation Analyst to develop a deeper understanding of best practices. Additionally, the course includes information on the legal and strategic aspects of human resources. The module on infrastructure will enable a Compensation Analyst to better understand the role of compensation within the larger organization. This course is a useful introduction to these concepts.
See salaries and explore the career path for Compensation Analyst
Human Resources Consultant
A Human Resources Consultant provides expert advice and guidance to organizations on their HR practices. This course, "Human Capital: Foundations and Essentials," may be useful because it gives a broad view of current HR practices, trends, and challenges. It introduces the Human Capital Management Framework and examines the evolution of HR roles. This course will help a Human Resources Consultant develop a well-rounded perspective on HR. The course's emphasis on communication and leadership strategies is also useful for Human Resources Consultants, especially when interacting with clients. The legal and strategic aspects of HR taught are also highly relevant to this role.
See salaries and explore the career path for Human Resources Consultant
Workforce Development Specialist
A Workforce Development Specialist focuses on enhancing the skills and capabilities of the workforce. “Human Capital: Foundations and Essentials” may be useful because it addresses workforce development, which is part of this role. The course looks at the legal and strategic aspects of HR, which is helpful for a Workforce Development Specialist. Additionally, the course covers the evolution of HR and explores modern practices. The course additionally includes employee engagement and well being. A Workforce Development Specialist often has to understand the needs of many different employees and this course provides a strong foundation for doing this.
See salaries and explore the career path for Workforce Development Specialist
Employee Relations Specialist
The Employee Relations Specialist is responsible for managing the relationship between employees and the organization, including conflict management and resolution. "Human Capital: Foundations and Essentials" may be helpful because it presents strategies for effective communication and conflict resolution. The course will also be useful because of the exploration into employee engagement and well-being. This course covers the Human Capital Management Framework and explores the legal and strategic aspects of HR. This is useful for the Employee Relations Specialist who has to navigate the complexities of both policy and law. The course's emphasis on values and ethics is also relevant to this role.
See salaries and explore the career path for Employee Relations Specialist
Organizational Development Specialist
An Organizational Development Specialist is focused on improving the effectiveness and performance of organizations through various interventions, systems, and processes. The course “Human Capital: Foundations and Essentials” may be useful as it introduces the Human Capital Management Framework and explores the evolution of HR. The strategic aspects of HR covered in the course are applicable for an Organizational Development Specialist. The course's emphasis on employee engagement and workforce development will be valuable as well. This course is a useful introduction to some of the foundational concepts relevant to this role.
See salaries and explore the career path for Organizational Development Specialist
Training and Development Coordinator
A Training and Development Coordinator is responsible for overseeing and coordinating training programs to improve employee skills. "Human Capital: Foundations and Essentials" may be helpful because it emphasizes workforce development, which is directly related to a Training and Development Coordinator's role. The course's inclusion of modern practices in HR can inform better training and development efforts. The course also covers communication and leadership, which are helpful when designing and implementing effective training programs. The legal and strategic aspects of HR are also useful to consider when building out training programs. This course provides a solid background for those in this role.
See salaries and explore the career path for Training and Development Coordinator
Recruitment Coordinator
A Recruitment Coordinator supports the recruitment process by coordinating interviews, managing applicant data, and handling logistics. The course “Human Capital: Foundations and Essentials” may be useful because it covers the evolution of HR roles and some of the modern practices in the field. This will help the Recruitment Coordinator gain a broader understanding of the purpose of their work. The course also reviews the Human Capital Management Framework, which can be useful for understanding the larger context of recruitment and hiring. The legal and strategic aspects of HR covered in this course will also be valuable in ensuring compliant and responsible recruitment practices. This course may be a useful introduction to the broader field of HR.
See salaries and explore the career path for Recruitment Coordinator
Benefits Administrator
A Benefits Administrator manages employee benefits programs, including health insurance, retirement plans, and other perks. "Human Capital: Foundations and Essentials" may be useful as it explores topics such as total compensation. The course introduces the Human Capital Management Framework and reviews the legal aspects of HR, which is useful for a Benefits Administrator as well. The understanding of the evolution of HR explored in this course may be useful for a Benefits Administrator who wishes to understand how their role has changed over time. This course provides some background information on the principles of HR.
See salaries and explore the career path for Benefits Administrator
Payroll Specialist
A Payroll Specialist is responsible for managing the payroll process, including calculating wages, processing payments, and ensuring compliance with regulations. "Human Capital: Foundations and Essentials" may be useful as it introduces the concept of compensation. The course's coverage of the legal aspects of HR also may be useful in ensuring compliance. The course also touches on infrastructure in HR and HCM, which can also enable a Payroll Specialist to have more context about their role. Payroll Specialists need to have a good understanding of the context of work and this course may provide some insight into the topic. Furthermore, this course touches on basic and total compensation which may be a useful area for further contemplation.
See salaries and explore the career path for Payroll Specialist
Administrative Assistant
An Administrative Assistant provides clerical and administrative support to ensure the efficient operation of an office. The course "Human Capital: Foundations and Essentials" may be useful as it explores the various functions of HR and the larger organization. While the day-to-day of an Administrative Assistant may not be directly related to the course, the course could provide a useful background for understanding some of the work of the organization. The section of the course on communication and leadership may also be useful for an Administrative Assistant who is tasked with these items on an occasional basis. This course may provide valuable context.
See salaries and explore the career path for Administrative Assistant
Project Manager
A Project Manager is responsible for planning, executing, and closing projects, often involving cross-functional teams. The course "Human Capital: Foundations and Essentials" may be useful as it introduces leadership and communication concepts. The course emphasizes effective communication and decision making, which are very helpful when managing a project team. The course also covers conflict management and resolution, which is very applicable to the role of a Project Manager. A Project Manager has to work with people on a daily basis and this course might provide an extra helpful approach. The course may provide a useful contextual background to these issues.
See salaries and explore the career path for Project Manager

Reading list

We've selected two books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Human Capital: Foundations and Essentials.
Cover image
Putting Knowledge to Work
Save
Comprehensive guide to the skills and knowledge required for HR professionals. It useful reference tool for understanding the competencies needed to succeed in the field. The book provides a framework for developing your HR skills and knowledge. It is commonly used by HR professionals preparing for SHRM certification.
Putting Knowledge to Work
Paperback
Check
Putting Knowledge to Work
Kindle Edition
Check
Cover image
Human Resources Management, Global Edition
Save
Provides a comprehensive overview of HRM principles and practices. It serves as a valuable reference for understanding the foundational concepts covered in the course. The book offers practical insights and real-world examples that can enhance your understanding of HR strategies and their impact on organizational success. It is commonly used as a textbook in HRM courses.
Fundamentals of Human Resource Management, Global...
Paperback
$$$
Human Resource Management, Global Edition
Paperback
$$$
Human Resources Management, Global Edition
Paperback
$$$
Human Resource Management: Global Edition
Paperback
$$
Human Resource Management, Global Edition
Paperback
$$$

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Level
Intermediate
Via
Coursera
Institution
University of Michigan
Instructor
Cheri Alexander
Session
January 13, 2025 - February 17, 2025
Language
English
Good to know
Explores the evolution of HR roles, which helps professionals adapt to modern designations like Human Capital Manager and People Operations Leader
Examines mini-case studies based on real-world scenarios, which helps bridge course content with professional experiences
Analyzes the Human Capital Management Framework, which ensures a well-rounded understanding of the fundamental and cutting-edge elements of human capital management
Belongs to a series of courses, which indicates comprehensiveness and detail in the study of human capital management
Requires learners to document their educational progress and personal reflections, which may be time-consuming for some learners
Explores the legal domain related to health and safety, which empowers learners to decide when legal expertise is required
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