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Human capital or human assets is a concept used by economists to designate personal attributes considered useful in the production process. It encompasses employee knowledge, skills, know-how, good health, and education. [1] Human capital has a substantial impact on individual earnings. [2]
Education economics or the economics of education is the study of economic issues relating to education, including the demand for education, the financing and provision of education, and the comparative efficiency of various educational programs and policies. From early works on the relationship between schooling and labor market outcomes for ...
Educational management refers to the administration of the education system in which a group combines human and material resources to supervise, plan, strategise, and implement structures to execute an education system. [1] [2] Education is the equipping of knowledge, skills, values, beliefs, habits, and attitudes with learning experiences.
Training and development have historically been topics within adult education and applied psychology, but have within the last two decades become closely associated with human resources management, talent management, human resources development, instructional design, human factors, and knowledge management. [1]
Marxist theory in comparative education looks at the role that social hierarchy plays in education. [12] "In one of the most influential writings on the role of education in development in the 20th century, Theodore W. Schultz explored the idea of education as a form of capital and introduced the notion of education as a form of human capital ...
Human capital is one of the three components of intellectual capital and has become a primary focus in the knowledge economy. [ 1 ] The institute conducts research and training to determine best practices in regard to workforce planning , talent acquisition , onboarding and engagement, learning and development, succession and retention and ...
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They design customized human resource strategies and processes to address each company's unique needs. Their services include developing recruitment plans, compensation frameworks, training programs, and performance management systems, all aligned with specific HR practices and the organization's goals and culture.