Human Capital

Develop Human Capitals

Assessment Task 1-Verbal/Written Questions

Human Capital
It is a measure of the economic value of an employee's skill set. This measure builds on the basic production input of labour measure where all labour is thought to be equal. The concept of human capital recognizes that not all labour is equal and that the quality of employees can be improved by investing in them. The education, experience and abilities of an employee have an economic value for employers and for the economy as a whole.

Economist Theodore Schultz invented the term in the 1960s to reflect the value of our human capacities. He believed human capital was like any other type of capital; it could be invested in through education, training and enhanced benefits that will lead to an improvement in the quality and level of production.
A company’s human resources department is responsible for creating, implementing and/or overseeing policies governing employee behavior and the behavior of the company toward its employees.
  * It can help the employer to make decisions based on the information received by the software without being biased.

  * Human capital helps to increase employees ability to perform their day to day entrepreneurial tasks of discovering and exploring business opportunities.

  * Planning Strategy and human capital go hand in hand so impact each other and leads to achieve long term success.

  * Human Capital helps in resourcing the adequate and appropriate knowledgeable resources.

  * Good Human capital helps in compensating a lack of financial capital which proves to be the constraints for many enterprises.

  * Last but not the least human capital not only enhances the learning opportunity but also helps in gaining new knowledge, skills and training for improvement.

Human capital means one of production elements which can generate added-values through inputting it. For an industry Human capital value is...