HUMAN CAPITAL DEVELOPMENT

HUMAN CAPITAL DEVELOPMENT

HUMAN CAPITAL DEVELOPMENT

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…