Unit of competency
Modification History
Release |
Comments |
Release 1 |
This version first released with BSB Business Services Training Package Version 1.0. |
Application
This unit describes the skills and knowledge required to identify human capital; to consult on advantages of human capital with internal and external stakeholders or collaborative partners; and to develop and monitor capital value attained through implementation of development activities.
It applies to individuals working to enhance individual, team and organisational capabilities. While not all individuals will operate within an organisation that acknowledges and treats people as a capital asset, training and related people development activities may be advanced by considering principles and practices relating to the concept of human capital.
No licensing, legislative or certification requirements apply to this unit at the time of publication.
Unit Sector
Workforce Development – Learning and Development
Elements and Performance Criteria
ELEMENT |
PERFORMANCE CRITERIA |
Elements describe the essential outcomes. |
Performance criteria describe the performance needed to demonstrate achievement of the element. |
1. Identify human capital |
1.1 Analyse and evaluate principles of human capital theory and concepts 1.2 Assess factors involved in formation of human capital 1.3 Determine capital asset value of human resources in an organisation, an industry or region 1.4 Determine relationship between human capital and organisational requirements |
2. Consult on advantages of human capital development |
2.1 Develop and prioritise strategies for deploying human capital development strategies to support the organisation’ training needs profile in consultation with key stakeholders 2.2 Negotiate with key stakeholders on opportunities for collaborative human capital development projects |
3. Develop and monitor human capital development |
3.1 Complete human capital needs analysis and development planning according to organisational requirements 3.2 Analyse and interpret information and data on human capital gaps and forecasts 3.3 Implement options and strategies to develop, attract and retain talent 3.4 Implement options and actions to optimise asset value of human resources in relation to organisational strategic imperatives 3.5 Determine talent and develop potential of human capital required to meet organisational requirements 3.6 Promote capacity of organisation, team and individual employees to achieve strategic and personal advantage through effort to develop human capabilities |
Foundation Skills
This section describes language, literacy, numeracy and employment skills incorporated in the performance criteria that are required for competent performance.
Skill |
Performance Criteria |
Description |
Reading |
1.1-1.4, 2.1, 3.1, 3.2, 3.5 |
|
Writing |
1.1-1.4, 2.1, 3.1, 3.2, 3.5 |
|
Oral Communication |
2.1, 2.2, 3.6 |
|
Numeracy |
3.2 |
|
Navigate the world of work |
1.4, 2.1, 3.1, 3.5 |
|
Interact with others |
2.1, 2.2, 3.6 |
|
Get the work done |
1.1-1.4, 2.1, 3.1-3.5 |
|
Unit Mapping Information
Code and title current version |
Code and title previous version |
Comments |
Equivalence status |
BSBLED810 Develop human capital |
BSBLED710A Develop human capital |
Updated to meet Standards for Training Packages Recoded to meet AQF Standards |
Equivalent unit |
Links
Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10