Human Capital Development Model in Ministry of Petroleum of Iran

The human resources of any organization are the most valuable factor of production and the main source of competitive advantage, so planning for its development is essential. This study was designed to provide a model for human capital development. The research is applied and descriptive in terms of data collection. This was a descriptive-descriptive survey research using a semi-structured questionnaire and interview. In the first stage, an open questionnaire was prepared to identify the human capital development status in Iran Ministry of Petroleum of Iran. Then, a second questionnaire was designed to extract the relationships between variables, to determine the weighting coefficients of the indices and to present the mathematical model of the research.The statistical population was the experts from Ministry of Petroleum of Iran and based on the specific conditions, a number of its experts were selected as statistical sample. Systems dynamics approach was used to design the model. By using Vensim software, scenario writing was done. Finally, six scenarios were considered and among them "Improvement of training and development software programs" was identified as the strongest scenario and the "Improvement of staffing capability" was selected as the most attractive scenario. According to the results, the Ministry of Petroleum must first empower its staff to develop its human capital. Since empowerment is both objective and subjective, therefore, employees' mental capacity and self-esteem must be enhanced by increasing their skill level and empirical ability to achieve an acceptable level of productivity.