Explain any five benefits of investment in human capital formation
Answers
Answer:
More educated or the better trained persons or the healthier people are good resources of the country.
Due to investment on human capital the output of the persons is increased.
With the investments made on her education and health, can yield a high return in the future in the form of higher earnings and greater contribution to society.
By investing more on education and health, the educated people have made efficient use of other resources like land and capital.
Efficiency and the technology evolved by people have made their countries rich and developed.
• Investing in human capital through education and training gives a high return since better educated people are more productive.
• Training of industrial and agricultural personnel in the use of contemporary technology can also be used to invest in human capital. These skilled agricultural workers can now boost yields.
• Increased exploitation of human skills will boost the country's national GDP and accelerate its development.
• Investing in human capital through medical care pays off handsomely since healthy individuals are more productive. The healthier you are, the more you will be able to use your full potential in the time you have.
Employee Satisfaction Should Be Increased
Boost Your Retention Rates
Encourage employee participation.