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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.
Talent management (TM) is the anticipation of required human capital for an organization and the planning to meet those needs. [1] The field has been growing in significance and gaining interest among practitioners as well as in the scholarly debate over the past 10 years as of 2020, [2] particularly after McKinsey's 1997 research [3] and the 2001 book on The War for Talent.
As economically valuable worktime, human labour adds value to products or assets (thereby conserving their capital value, and/or transferring value from inputs to outputs). In this sense, labour is an activity which creates/maintains economic value pure and simple, which could be realized as a sum of money once labour's product is sold or ...
The Human Capital Index (HCI) is an annual measurement prepared by the World Bank. [1] HCI measures which countries are best in mobilizing their human capital, the economic and professional potential of their citizens. The index measures how much capital each country loses through lack of education and health.
From 1938 to the 1990s, vocational lists and employment matching offered by the U.S. government were available through the book, The Dictionary of Occupational Titles or the DOT. The DOT was first published in 1938 and "emerged in an industrial economy and emphasized blue-collar jobs. Updated periodically, the DOT provided useful occupational ...
Beginning in the 1990s, the use of an “s” was often added to the word “resource” in United Nations documentation in order to emphasize that human resources are diverse and important parts of an individual's unique identity, to avoid implying that human resources are undifferentiated commodities to be traded in exchange for monetary ...
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Intellectual capital is the result of mental processes that form a set of intangible objects that can be used in economic activity and bring income to its owner (organization), covering the competencies of its people (human capital), the value relating to its relationships (relational capital), and everything that is left when the employees go home (structural capital), [1] of which ...