Download - Human capital and its various trends
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HUMAN CAPITAL
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• HUMAN RESOURCE • HUMAN CAPITAL• RESOURCE– "The total means available for economic and
political development, such as mineral wealth, labor force and armaments. An available supply that can be drawn on when needed."
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• CAPITAL:– "Any form of wealth employed or capable of being
employed in the production of more wealth."
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HUMAN CAPITAL
“HUMAN CAPITAL is created by changes in persons that bring about skills and capabilities that make them able to act in new ways.”– Sir Partha Sarthi Dasgupta
• Different from traditional capital.– Better with time and usage
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• Human resource management– Optimum utilization of human resource– i.e. minimum input maximum output.– Profit maximization
• Human capital management– Wealth maximization
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Need of shift
• Globalization.• Lack of skill labor force.• Service sector boom.• Flatter organizational • Technology
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Human Capital
• Where talent is required?• Quality and quantity required?– Strategy• Creating value
– Find out the critical process– Find out the bottlenecks
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Trends
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