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Human Capital
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.
Alternatively, human capital is a collection of traits – all the knowledge, talents, skills, abilities, experience, intelligence, training, judgment, and wisdom possessed individually and collectively by individuals in a population. These resources are the total capacity of the people that represents a form ...more
Alternatively, human capital is a collection of traits – all the knowledge, talents, skills, abilities, experience, intelligence, training, judgment, and wisdom possessed individually and collectively by individuals in a population. These resources are the total capacity of the people that represents a form ...more
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You own your skills, your capabilities, your expertise, your values, your behaviors, your personal energy, your time, your loyalty.
You’re the owner of this human capital, and you decide when, how, and where to invest it. You hold the key to value creation.
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One of the best things you can do for your employees is to make sure that they have the resources they need to be successful in their jobs.
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