On the contrary, when organizations fail to invest in human capital the workforce and the organizational environment can be affected negatively. Organizations need to realize that the employees that work for them are their biggest asset and the knowledge that they have cannot be replaced. HR has to develop and maintain a resource plan to establish or maintain a resource pool (Snell, & Bohlander, 2013, p. 216).
There are several factors that can affect human capital needs (to name a few) (Behara, 2005, p.2):
• Changes in demographic trends (aging Human Capital, shrinking talent, distracted and worried work force)
• Changes in business strategies like mergers, acquisitions and mergers
• Changes in the industry that affect workforce
• Changes in quality of the workplace
• Changes in job descriptions, roles and responsibilities
• Changes in supply and