Define human capital .
why human resources is supiour to any other resources ? any four arguments .
For 9th standard
answer fast please...........
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Human resource is considered to the best resource because
(i) It is a way of referring to country's working people in terms of their existing productive skills and abilities.
(ii) Looking at the population in form of human resource emphasises its ability to contribute to the creation of the Gross National Product.
(iii) When existing human resource is developed by becoming more educated and healthy, we call it 'human capital formation' that adds to the productive power of country just like 'physical capital' formation.
(iv) humans have the ability to convert raw materials into finished materials...
(i) It is a way of referring to country's working people in terms of their existing productive skills and abilities.
(ii) Looking at the population in form of human resource emphasises its ability to contribute to the creation of the Gross National Product.
(iii) When existing human resource is developed by becoming more educated and healthy, we call it 'human capital formation' that adds to the productive power of country just like 'physical capital' formation.
(iv) humans have the ability to convert raw materials into finished materials...
gunjan63:
Human capital is a term popularized by Gary Becker, an economist from the University of Chicago, and Jacob Mincer that refers to the stock of knowledge, habits, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value.[1] The subject is closely associated with the study of human resources management as found in the practice of business administration and macroeconomics.
ur welcome
to make production in better manner by using skill and knowledge Is called as human capital
u can see in economics tb
wlcome
ishu
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Any company that wants to achieve great success needs to pay close attention to human capital management. The employees of a company are the biggest asset it has and by keeping that asset strong, the company has the best chance of success. A company that pays little attention to its employees will end up with a team of employees who are unmotivated and unproductive. Human capital management can be the difference between a company with a winning team of employees all pulling together toward a shared goal, and a demoralized group who are providing little overall value.
It is important that each and every member of the team is considered as an individual, each with their own set of strengths and weaknesses. Human capital management assumes that any lack of knowledge amongst the employees of a company is purely down to lack of training or teaching, rather than looking upon it as a fault of an individual or a team.
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Human capital management provides a strategic approach to managing staff at a company. It differs from traditional HR practices as it is concerned less with administrative tasks and procedures and focuses more on getting the most out of staff for a happy and productive team. Companies who currently do not have any type of human capital management program in place should think carefully about implementing one. The employees benefit greatly from human capital management which in turn means the company benefits greatly too.
The approach to managing and organizing employees through a human capital management program is done in a number of ways. In essence, the approach should provide a fully inclusive strategy from even before a new employee is hired right through to their exit. Another important part of human capital management is succession planning and talent management. Being able to identify key members of staff as possible future
It is important that each and every member of the team is considered as an individual, each with their own set of strengths and weaknesses. Human capital management assumes that any lack of knowledge amongst the employees of a company is purely down to lack of training or teaching, rather than looking upon it as a fault of an individual or a team.
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Human capital management provides a strategic approach to managing staff at a company. It differs from traditional HR practices as it is concerned less with administrative tasks and procedures and focuses more on getting the most out of staff for a happy and productive team. Companies who currently do not have any type of human capital management program in place should think carefully about implementing one. The employees benefit greatly from human capital management which in turn means the company benefits greatly too.
The approach to managing and organizing employees through a human capital management program is done in a number of ways. In essence, the approach should provide a fully inclusive strategy from even before a new employee is hired right through to their exit. Another important part of human capital management is succession planning and talent management. Being able to identify key members of staff as possible future
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