What is human capital
Answers
Answer:
Human capital is an intangible asset or quality not listed on a company's balance sheet. It can be classified as the economic value of a worker's experience and skills. This includes assets like education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality.
Answer:
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Definition:
Human capital is the economic value of the abilities and qualities of labour that influence productivity. These qualities include education, technical or on-the-job training, health, and values such as punctualities. Investment in these qualities improves the abilities of the labour force. The result is greater output for the economy and higher income for the individual.
The investments are called human capitals because workers aren't separate from these intangible assets. In a corporation, it is called talent management and is under the human resources department.
Key Takeaways:
- Human capital is the economic value of the abilities or qualities of labour that influence productivity.
- Education plays a big role in human capital, and it can lead to higher incomes and net worths.
- There is still a large racial gap and it needs to close in order to better allow different groups of people from various backgrounds the opportunity to invest in their human capital.
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