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- DictionaryHu·man cap·i·tal/ˈ(h)yo͞omən ˈkapədl/
noun
- 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.
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Jun 13, 2024 · 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.
In the 1960s, the term human capital was made popular by two American economists, Gary Becker and Jacob Mincer, who used it to describe the mixture of skills, knowledge, experience, habits and personality in each of us that can be put to productive use.
Human capital or human assets is a concept used by economists to designate personal attributes considered useful in the production process. It encompasses employee knowledge, skills, know-how, good health, and education. Human capital has a substantial impact on individual earnings.
The meaning of HUMAN CAPITAL is the skills, knowledge, and qualifications of a person, group, or workforce considered as economic assets. How to use human capital in a sentence.
Jan 3, 2019 · Human capital is the sum of knowledge, skills, experience and social qualities that contribute to a person’s ability to perform work in a manner that produces economic value. Both employers and employees make substantial investments in the development of human capital.
Sep 13, 2022 · Human capital is the economic value of a person's abilities and the qualities of their labor that influence productivity. Examples of human capital include the education, technical training, or problem-solving skills that a person offers to a business.
human capital, intangible collective resources possessed by individuals and groups within a given population. These resources include all the knowledge, talents, skills, abilities, experience, intelligence, training, judgment, and wisdom possessed individually and collectively, the cumulative total.
Human capital definition: the collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community. See examples of HUMAN CAPITAL used in a sentence.
HUMAN CAPITAL definition: employees, and all of the knowledge, skills, experience, etc. that they have, which makes them…. Learn more.
ECONOMICS, HR. employees, and all of the knowledge, skills, experience, etc. that they have, which makes them valuable to a company or economy: The corporation has become so valuable, not because of its fixed assets, but because of the human capital of its software engineers and programmers. Compare. customer capital.
