Definition of

Factor

Risk factor

Smoking is considered a risk factor that affects health.

The term factor , of Latin origin, has various uses. In the field of mathematics , each of the quantities or expressions that can be multiplied to form a product is known as a factor. The submultiple is also called a factor.

Factoring is an algebraic operation to express a number or an object as the product of other smaller factors. That is, the multiplication of these factors results in the original number or object. For example: the number 21 can be factored by multiplying the prime numbers 3 and 7 (7×3= 21).

The factor as an element

At a general level, a factor is an element or a concause (something that, together with something else, is the cause of an effect).

For example: “Smoking is a risk factor for the development of coronary heart diseases” , “Several factors influenced the defeat of the Argentine team” .

The concept in production

The resources that, combined in a production process, add value in the production of goods and services are known as factors of production or productive factors .

Classical economics recognizes three fundamental factors: land , capital and labor .

Factor in the field of fiction and music

X Factor o X-Factor es una agrupación de superhéroes creados por Marvel Comics. Su primera alineación, presentada en 1986, incluía a los cinco X-Men originales. Por otra parte, X Factor es también un programa televisivo dedicado a la búsqueda de talentos musicales.

It should be noted, on the other hand, that The X Factor is an album by the English band Iron Maiden that was released in 1995 and is the group's first album without singer Bruce Dickinson .

Human resources

The concept of human factor is used in the field of companies.

Human component of a company

In the organizational field there is the concept of human factor , which refers to one of the elements that are part of a company and that brings together those qualities that people put at the service of the organization to achieve the objectives they have.

It is a multidimensional phenomenon that is closely relegated to an endless number of internal and external variables . Among the internal factors we can mention the capacity for learning, perception and motivation on the part of those who are part of the company, while the external factors are related to certain issues that affect the fundamental characteristics of the organization, such as reward and punishment systems to motivate employees, social and political factors and the group cohesion that exists.

Depending on the type of organization, the human factor varies; If it is a service company, human value will be prioritized and if it is a production company , performance in the activity required of each employee will be valued primarily.

What is analyzed when making your choice

To choose your employees efficiently, it is necessary to analyze the objectives you have and consider the methods to achieve them. The human resources sector, which is present in all organizations, is responsible for these aspects in planning the operation of a company.

It is worth mentioning that for human resources, man is an entity that evolves over time thanks to the changes that develop in his environment and, by living within a society or belonging to a group (as is the case of being part of a company) shares its evolution with those around it, thus collaborating with collective development .

The four pillars that make up the human factor are: personal factor, human resources, human capital and human talent ; Based on the various forms that these take on over time, the organization will prosper or go into decline.