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Human capital is the value that the employees of a business provide through the application of skills, know-how and expertise. [43] It is an organization's combined human capability for solving business problems. Human capital is inherent in people and cannot be owned by an organization.
A human capital contract (or "HCC") is a finance product that allows for the provision of funds to an individual through an "equity-like" arrangement, [1] where the provider of the funds receives a portion of the individual's future income for some specified period of time.
Human resources (HR) is the set of people who make up the workforce of an organization, business sector, industry, or economy. [1] [2] A narrower concept is human capital, the knowledge and skills which the individuals command. [3] Similar terms include manpower, labor, labor-power, or personnel.
In contrast, many economists today consider "human capital" (skills and education) as the fourth factor of production, with entrepreneurship as a form of human capital. Yet others refer to intellectual capital. More recently, many have begun to see "social capital" as a factor, as contributing to production of goods and services.
Human capital is the stock of knowledge, habits and social and personality attributes. Its market value (discounted value) of future labour income (a measure of human capital) is greater than the total market value of traded assets. Human capital is also the nontraded asset that is most importable across time.
From September 2012 to December 2012, if you bought shares in companies when Mark Vadon joined the board, and sold them when he left, you would have a 4.3 percent return on your investment, compared to a -2.3 percent return from the S&P 500.
Human asset management is an evolution from the old terms like human resource management and human capital management. Many organization defined people as ‘resources’. In HAM, employees are not regarded or managed as a ‘disposable resource’. [6] The importance of relating with an employer was highlighted by Quelch and Jocz. [7]
From January 2008 to December 2012, if you bought shares in companies when Eleuthere I. du Pont joined the board, and sold them when he left, you would have a 1.9 percent return on your investment, compared to a -2.8 percent return from the S&P 500.