Question

what is human capital?

Answer 1

the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Answer 2

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. Human capital is a measure of the economic value of an employee's skill set. It means health, knowledge, motivation, and skills, the attainment of which is regarded as an end in itself (irrespective of their income potential) because they yield fulfillment and satisfaction to the possessor. In an organizational context, human capital refers to the collective value of the organization's intellectual capital (competencies, knowledge, and skills).