Why is human capital development important in a company
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Answers
Explanation:
Human capital is important because some level of human knowledge and skills is necessary in order for an organization to accomplish anything. ... Human resource management plays a pivotal role in the acquisition, development and retention of human capital for an organization.
Until we develop artificial intelligence, we pretty much need human capital to accomplish anything in the world today. In fact, it takes human capital to create some other forms of capital. While a machine may eliminate the need to have hundreds of production workers make stuff, it still took human capital to design and build the machine. And as we move deeper and deeper into a knowledge-based economy that depends on information, knowledge and high-level skills, human capital will become increasingly important. Dave's smartphone company is an example of a knowledge-based business where information, data and knowledge is paramount for success.
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ANSWER
The human capital of a country is the lifeblood that sustains its economic growth, it is engine that constantly keeps its agencies & institutions in the spirits of sustainable development and the heart that keeps the country's economy Alive not just for the present but eternally.