The development of the Human Capital concept is a result of the struggle by GAO and others with the lack of legal, regulatory and policy guidance on how the concept of human resources relates to strategic management and how it should integrate with the other...
A measure of the economic value of an employee's skill set. This measure builds on the basic production input of labor measure where all labor is thought to be equal. The concept of human...
The best-known application of the idea of "human capital" in economics is that of Mincer and Gary Becker of the Chicago school. Becker's book entitled Human Capital, published in 1964, became a standard reference for many years. In this view...
This, however, is valid for investments in human capital. The possibilities which arise, therefore, are that besides the costs for these measures also the usage can be figured, and the value addition can be measured, whereas the quantification of the deficits presents...© BrainMass Inc. brainmass.com March 4, 2021, 7:37 pm ad1c9bdddf
Surveying the Employment Report - http://www.investopedia.com/articles/04/092204.asp
The Hidden Value of Intangibles - http://www.investopedia.com/articles/03/010603.asp
Five Capitals - http://www.answers.com/topic/five-capitals
"The development of the Human Capital concept is a result of the struggle by GAO and others with the lack of legal, regulatory and policy guidance on how the concept of human resources relates to strategic management and how it should integrate with the other major change initiatives in this decade such as the Government Performance and Results Act (GPA) and the CFO Act, etc."
The differences in the concepts are key to understanding how Human Capital might be able to help improve understanding and integration of employee issues in strategic planning.
U.S. Government Accounting Office (1999) Major Management Challenges and Program Risks:
A Government wide Perspective
Human and Social Capital Indicators - http://www.oecd.org/document/33/0,2340,en_2649_34543_1850913_1_1_1_1,00.html
"The evidence suggest that human and social capital can be of key importance in contributing to a wide range of positive outcomes, including higher income, life satisfaction and social cohesion."
MS Word document evaluating three important concepts of Human Capital Development - 3 Pages - 991 Words - 7+ References - Including The development of Human Capital; Different Concepts; The Increase of Human Capital and Increasing the Company's Value.