what do you understand by term human capital and human resource
Answers
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Human resource are the people who make up the workforce of an organization, business sector, or economy. "Human capital" is sometimes used synonymously with "human resources", although human capital typically refers to a narrower effect (i.e., the knowledge the individuals embody and economic growth).
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Answer:
Explanation:
Human resources is used to describe both the people who work for a company or organization and the department responsible for managing resources related to employees. The term human resources was first coined in the 1960s when the value of labor relations began to garner attention and when notions such as motivation, organizational behavior, and selection assessments began to take shape.
Human capital is the asset that an organization has in form of its employees. It takes into account the value that the knowledge, skills and experience of the employees adds to the organization. The skills are acquired by an employee on the job, or through training. With the addition of skills the human capital increases.
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