human capital

(redirected from Human assets)
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Related to Human assets: Human Resource Accounting

human capital

the productive investment of resources in human beings rather than in plant and machinery In economics, such investment in human resources is appraised in comparison with levels of economic return from other kinds of investment. Clearly, investment in human capital begins in the family and continues in school and HIGHER EDUCATION, and is also affected by such inputs as provision for health care.

As a body of economic theory and associated empirical research, the human-capital theory of G. Becker, Human Capital (1975), explains income differentials as, in part at least, a return to human capital, e.g. the correlation between the number of years of formal education and earnings is so explained. The conclusion is often reached by human capital theorists that the returns to education are high. Similarly, POVERTY is sometimes explained as arising from a lack of human capital.

Challenges to the arguments of human-capital theory arise from a number of different sources, especially that the returns associated with education in fact arise from other sources, i.e. education may act merely as a filter or 'S creen’, and native ability or family background actually account for a significant proportion of the correlations between education and earnings (see SCREENING AND SCREENING HYPOTHESIS). Compare FUNCTIONALIST THEORY OF SOCIAL STRATIFICATION. see also CULTURAL CAPITAL.

References in periodicals archive ?
Oversight over the human asset across the corporation still strikes many boards as going a bit far afield.
DECOM MISSION: Firms should focus on their human assets just as much as on their physical ones to emerge ahead
Human asset is the key for change, and the engine for progress and achievement," Shaikh Hamdan said.
Pursuant to its payoff of the note, SBI has released its security interest in the Beyond Human assets and the revenues generated from those assets.
He added: "By collaborating with our key industry partners such as Fives Solios & Fives ECL, we aim to further develop the skills of our workforce, our human assets, thereby enhancing the Company's productivity."
Winning the award for commercial excellence is the achievement of the Jeddah Hilton and the Waldorf Astoria Jeddah - Qasr Al Sharq team collectively." According to Ramjean, the most valuable resources for an organization are its human assets. "Saudi citizens are our main asset.
Human assets can obtain specific information to answer key intelligence questions from policy makers.
To support this growth and achieve quality output from our human assets, we wanted an HCM solution that would help us know our talent better, take good care of them and keep them engaged', said Asad Soorty, Director at Soorty Enterprises, one of the largest vertically integrated denim manufacturers in Pakistan.
Not only can companies rest assured that they know where their human assets at are in the field at all times, companies and employees can feel empowered about safety.
Khawaja Mohammad Nauman emphasised upon the important role the HR professionals were expected to play in preparing the tomorrow's human assets today, combating challenges in the future of work and achieving productivity through HR leadership.
Earlier Khawaja Muhammad Nauman emphasised upon the important role the HR professionals were expected to play in preparing the tomorrow's human assets today, combating challenges in the future of work and achieving productivity through HR leadership.
"This programme can inspire Korea's partner countries notably Tunisia" affirmed Korea's ambassador in Tunis kim Jong Seok, who estimated that "despite its multiple climatic, geographical and human assets, Tunisia should exert additional efforts to restore the true value of work."

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