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Topic: Human capital

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  Human capital - Wikipedia, the free encyclopedia
Human capital is a way of defining and categorizing peoples' skills and abilities as used in employment and otherwise contribute to the economy.
In this view, human capital is similar to "physical means of production", e.g., factories and machines: one can invest in human capital (via education, training, medical treatment) and one's income depends partly on the rate of return on the human capital one owns.
Human capital is substitutable: it will not replace land, labor, or capital totally, but it can be substituted for them to various degrees and be included as a separate variable in a production function.
en.wikipedia.org /wiki/Human_capital   (1091 words)

 Human resources - Wikipedia, the free encyclopedia
The broad term human capital has evolved to contain the complexity of this term, and in macro-economics the term "firm-specific human capital" has evolved to represent the original meaning of term "human resources".
Advocating the central role of "human resources" or human capital in enterprises and societies has been a traditional role of socialist parties, who claim that value is primarily created by their activity, and accordingly justify a larger claim of profits or relief from these enterprises or societies.
An important controversy regarding labor mobility illustrates the broader philosophical issue with usage of the phrase "human resources": governments of developing nations often regard developed nations that encourage immigration or "guest workers" as appropriating human capital that is rightfully part of the developing nation and required to further its growth as a civilization.
en.wikipedia.org /wiki/Human_resources   (1235 words)

 Human capital Info - Encyclopedia WikiWhat.com   (Site not responding. Last check: 2007-10-21)
Human capital refers, in macro-economics, to the capacity of a workforce to yield financial capital, in parallel to the way physical capital yields goods.
Most modern analyses, for instance in human development theory, differentiate social trust (social capital), sharable knowledge (instructional capital), and the individual leadership and creativity (individual capital) as three distinct capacities of a human applying him or her self in economic activity.
The term human capital thus refers to ambiguous combinations of these, and interactions with the welfare, education and health care systems can be modelled even past retirement - where, according to classical and neoclassical analysis, human capital must be zero, as no "labour", "employment" or "goods" are now involved.
www.wikiwhat.com /encyclopedia/h/hu/human_capital.html   (426 words)

 Human capital: A Glossary of Political Economy Terms - Dr. Paul M. Johnson
The figurative use of the term capital in connection with what would perhaps better be called the "quality of labor" is somewhat confusing.
The value of resources that have been invested in physical capital by an investor can often be readily recovered later (at least in good part) through resale, with the proceeds being easily redeployed into purchases for consumption or reinvestment in other types of capital goods as the investor may choose.
However, human capital is by definition inseparably embedded in the nervous system of a specific individual and it thus cannot be separately owned apart from the individual's living body itself.
www.auburn.edu /~johnspm/gloss/human_capital.html   (381 words)

 The Charming veil of human capital - Observer Issue No. 215   (Site not responding. Last check: 2007-10-21)
Human capital is one of the buzzwords of the knowledge society.
Human capital is therefore a notion which captures the valuation of the attributes people invest in.
Human capital is like a mystery bag of groceries: we know the price (what we paid for in earnings forgone when in school) and the rewards (higher wages), but we do not quite know what groceries are in the bag.
www.oecd.org /publications/observer/215/e-harto.htm   (1740 words)

 Human Capital Brochure   (Site not responding. Last check: 2007-10-21)
This document responds to the challenge of mobilizing and coordinating a human capital research community across the disciplines of the social and human sciences, and in fostering ties with the relevant policy communities.
Aggregate economic changes related to human capital needs and challenges express themselves locally, both through their impact on local labor markets and in terms of the particular endowments (human, social, and physical) communities bring to the process of economic adaptation.
By providing an example of a large, multisource database in the human capital area, the prototype could suggest potential data sources and analytic strategies for scholars regardless of where they are located or where they intend to conduct their own research.
www.geog.buffalo.edu /humcap/hc1.html   (10274 words)

 Human Capital, by Gary S. Becker: The Concise Encyclopedia of Economics: Library of Economics and Liberty
They are called human capital because people cannot be separated from their knowledge, skills, health, or values in the way they can be separated from their financial and physical assets.
The economics of human capital also account for the fall in the fraction of fl high school graduates who went on to college in the early eighties.
Economic growth closely depends on the synergies between new knowledge and human capital, which is why large increases in education and training have accompanied major advances in technological knowledge in all countries that have achieved significant economic growth.
www.econlib.org /library/Enc/HumanCapital.html   (1931 words)

 EUROPA - Employment and Labour Market Analysis - Human Capital
Human capital can be defined as the abilities, knowledge and skills embodied in people and acquired through education, training and experience.
In this light investment in human capital can be seen as involving a multiplicity of actors such as the public sector, the enterprises and the individuals.
Work has been undertaken on assessing the short and long-term impact of human capital on growth, as well as on the significance of human capital investment in country and regional development strategies, within the overall Lisbon objectives of sustained economic growth, increased employment and greater cohesion.
europa.eu.int /comm/employment_social/employment_analysis/human_en.htm   (310 words)

 Counting Human Capital
Moreover, the frequently-used operational definition of human capital as ‘skills and knowledge acquired in the course of initial education’ neglects other important aspects, not least non-cognitive or ‘cross-curricular’ abilities that are acquired outside formal settings but are nonetheless relevant to (for example) teamwork, problem-solving and civic responsibility.
Investment in human capital accounts for at least 10% of national income in most OECD countries when account is taken of public and private spending on initial education as well as spending by individuals and enterprises on post-school training.
To date, of course, the ment of human capital has been strongly conditioned by what is technically possible, focusing analysis on the benefits of initial educational ment to individuals, rather than on the more complex ships between life-time development of skills and the multiple advantages they confer to individuals and to society.
www1.oecd.org /publications/observer/212/article8_eng.htm   (1759 words)

 LiNE Zine Spring 2001: Human Capital Advantage: Developing Metrics for the Knowledge Era
And finally, because human capital cannot be owned, spending on the development of people does not meet the traditional accounting concept of an investment, since employers cannot control the asset, i.e., the people in whom an investment is being made.
Because human capital cannot be owned (or even transferred), extracting the maximum advantage from it requires that an organization first understand what people want and then give it to them.
Human capital represents a huge operating cost that must be managed efficiently because of its sheer magnitude; in the United States, for example, nearly 70% of all operating costs are ultimately attributable to people.
www.linezine.com /4.2/articles/lbhca.htm   (2415 words)

 Human Capital
It shall be assumed that the major factor influencing the level of human capital is the degree of investment in education and training.
Imperfections may favour investment in physical rather than human capital because human capital is embodied in the individual and this means in the case of default, the financial institution has no collectable collateral on a loan.
More young people tend to invest in human capital, but, due to their lower credit ratings and lower set of collateral assets, fewer funds are made available by financial institutions for their investment in human capital.
www.maths.tcd.ie /pub/econrev/ser/html/hkap2.html   (3274 words)

 MBSpring Syllabi
The human capital in an organization consists of the workers in an organization.
Intertwined with the human capital would seem to be another kind of capital.
Take a first rate salesman, whom we all agree represents a high level of human capital, and move him or her to another organization.
www.sis.pitt.edu /~spring/courses/ds_soc_cap.html   (1595 words)

 The Electronic Recruiting News - Daily News For Recruiting Professionals
WordIQ: Human capital is a way of defining and categorizing peoples' skills and abilities as used in employment and otherwise contribute to the economy.
Human capital can be accumulated in many ways, including education, on-the-job training, on-the-job experience, investments in health, outreach and extension programs, life experience, migration, and searching for information about goods, services, employment opportunities, etc.
Free-Definitions: Human capital refers, in macro-economics, to the capacity of a workforce to yield financial capital, in parallel to the way physical capital yields goods.
www.interbiznet.com /ern/archives/040601.html   (621 words)

 Human Capital
The mission of the IAC Human Capital SIG is to bring industry and government executives together to exchange information, support professional development, improve communications and understanding, solve issues and build partnership and trust, thereby enhancing government's ability to serve the nation's citizenry.
Human Capital SIG is going to be responsible for a workshop surrounding Human Capital issues.
Human Capital SIG is responsible for the speakers for the November meeting which typically has 200-300 attendees.
www.iaconline.org /portal/server.pt?space=CommunityPage&cached=true&parentname=CommunityPage&parentid=0&in_hi_userid=2&control=SetCommunity&CommunityID=354&PageID=0   (944 words)

 Human Capital
The issue of Human capital is a subset of the Intangible Assets topic.
In the present workshop human capital is highlighted, whereas intangible assets in general are discussed in the second workshop".
One aim was to draw on the work already carried out in the OECD on Human Capital Investment to identify possible new areas of research, data development and policy analysis.
www.ll-a.fr /intangibles/human_capital.htm   (2128 words)

 The Global quest for Solidarity   (Site not responding. Last check: 2007-10-21)
384).The social capital of the community "resides in the functional community, the actual social relationships that exist among parents, in the closure exhibited by the structure of relations, and in the parent's relations with the institutions of the community" (p.
For further information, refer to Community Collaboration and Social Capital James Coleman described three forms of capital: human, financial, and social.
"Human capital is that capital which is associated with a person: health, education, nutritionÂ….
www.crossroad.to /text/articles/solidarity.html   (1521 words)

 Watson Wyatt Worldwide Research Reports
In 1999, Watson Wyatt launched the Human Capital Index (HCI) study in North America and became the first to demonstrate the link between superior human capital practices and shareholder value creation.
Further, we have found evidence that human capital can be a leading indicator of shareholder value creation.
Now in its fourth year, Watson Wyatt’s global HCI is the most comprehensive study of the impact of human capital on business and analyzes shareholder performance from 1994 to 2002.
www.watsonwyatt.com /research/featured/hci.asp   (494 words)

 HireSmart - Human Capital Seminars   (Site not responding. Last check: 2007-10-21)
A 26 slide presentation focused on the need for human capital assessment services and the development of strategic manuals for each employee.
Human Asset Profiles are attempting to record and report all costs associated with the retention and continuing development of employees.
The individual capitalized human assets can be combined at the end of the year to form a human capital value report.
www.hiresmart.com /seminars/index.stm   (1905 words)

 OPM's Human Capital Framework   (Site not responding. Last check: 2007-10-21)
OPM is committed to be the President's strategic advisor on human capital (HC) issues, to develop tools and provide support to help agencies succeed in their human capital transformation efforts, and to help make the Federal Government a high-performing workplace.
Sound investment in human capital is essential if agencies are to achieve their missions.
OPM, the President's strategic advisor on human capital, released a Human Capital Scorecard in December of 2001 to focus and support agency human capital efforts.
apps.opm.gov /HumanCapital/tool/index.cfm   (312 words)

 Human Capital - Home   (Site not responding. Last check: 2007-10-21)
Ernst and Young’s Human Capital team, through its multi-disciplined teams of human resource and tax specialists, can help you maximise the effectiveness of your investment in your people and better align your human resources programs with your broader business strategy.
Ernst & Young's Human Capital practice recently undertook analysis to illustrate that a properly designed LTI plan, over time, provides rewards that are aligned to shareholder value.
In this issue of our Human Capital newsletter we take a look at the changes to superannuation legislation and employee rights to choose super funds, the dangers of UK PAYE regulations for expatriates, the impact on Australia of the American Jobs Creation Act and directors' reports now having to include remuneration reports.
www.ey.com /Global/content.nsf/Australia/Human_Capital_-_Overview   (407 words)

 Human Capital Management Human Resources Professional Journal
Instead of gathering up workers in a huge net and sending them off to the fields and the factories, it is now necessary to nurture the working population by educating them and developing their technological skills so that they will be able to contribute to the needs of the enterprises they work for.
Indeed, the theory behind Human Capital Management is first and foremost the transformation of a worker into a resource that is competitive.
The entire Human Resources industry is scrambling to keep up with this trend, and the most successful are those who proactively seek to mold new labor into an asset that is potentially profitable to a company.
www.human-capital-management.net /theory/what1.html   (477 words)

 OPM's Human Capital Framework   (Site not responding. Last check: 2007-10-21)
The foundation for this website is the Human Capital Standards for Success, a joint product of OPM, OMB and GAO.
OPM has developed a Human Capital Assessment and Accountability Framework to guide agencies toward achieving these Standards and is structured to help you determine what you need to do, how you can do it, and how you can measure your own human capital success.
A successful Human Capital Initiative requires a collaborative effort among all interested parties to ensure the American people that human capital is used strategically to support agency missions.
apps.opm.gov /humancapital   (167 words)

 Analyze This
Betty Silver, human capital strategist at SAS Institute Inc. in Cary, North Carolina, adds, "Workforce analytics allows organizations to examine a multitude of interrelated factors.
Although workforce analytics is rooted in human resources, the ability to deliver detailed information about workforce issues and trends--ranging from where to locate a factory for the best labor pool to how a VP of sales should build incentives--has real applications throughout the organization.
In September, it moved to a Web-based version of Human Capital Management, and put the application on the desktops of 25 analysts within human resources (Pejsa hopes to expand the use of the system to 200 to 300 managers within the next year or so).
www.workforce.com /section/10/feature/23/45/74/index.html   (2460 words)

 Ernst & Young - Human Capital Overview
There is a rapidly moving legislative and administrative framework; a disproportionate number of expatriate managers and specialists; and major cultural developments which necessitate a proactive and evolving approach to human resource and compensation and benefits policies.
Our Human Capital practice brings together a multidisciplinary team of tax and human resource experts to assist organizations improve the efficiency with which they handle their employees – their human capital.
This is an exciting time in the development of how organizations manage their people in the economies of the CIS, both in terms of development of the management process and the regulatory frameworks and laws that affect employees and employers.
www.ey.com /global/content.nsf/Russia_E/Human_Capital_-_Overview   (1154 words)

 Sage Software To Sponsor Human Capital Institute's 'Small and Midsize Business' Learning and Research Track
In their efforts to grow and prosper, small and mid-sized businesses (SMBs) encounter many human capital management challenges similar to large organizations, but often do not have the same level of depth or resources to address them.
"In sponsoring Human Capital Institute's educational efforts, we are able to help educate small and mid-sized businesses on ways they can improve their talent-management processes and practices," said Ray Jimison, senior vice president and general manager, Specialized Business Solutions at Sage Software.
The Human Capital Institute is a global think tank, educator, and professional association dedicated to the advancement of talent management practices with individuals and organizations.
www.sagesoftware.com /newsroom/news/index.cfm/fuseaction/news.detail/id/625   (644 words)

 SAS Human Capital Management
SAS gives you organizational insights that enable you to plan effective human capital strategies, and measure and compare your company's best practices.
Approach human capital management holistically – Incorporate all the data your organization needs to make decisions about human capital.
SAS Human Capital Management is fully Web-based – so it's easy to use within a secure environment that enables decision makers to share important information across the enterprise.
www.sas.com /solutions/hrmanagement   (429 words)

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