human capital

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Related to Human assets: Human Resource Accounting

Human capital

The unique capabilities and expertise of individuals.

Human Capital

The measure of the output an employee with a certain skill set is able to make. The concept of human capital was developed in the 1960s and is founded on the idea that hard work, education, and skill development all lead to more output. As a result, companies are encouraged to invest in human capital through various means such as education and bonuses for exceptionally good work, among others.

human capital

the notion that human capabilities may be developed along the same lines as other forms of capital (e.g. PHYSICAL CAPITAL). Education and TRAINING are key elements of the human capital perpective. An economic perspective is typically applied to the analysis of human capital, and it is suggested that there are costs and returns to investments in human capital.

human capital

the body of human knowledge that contributes ‘know-how’ to productive activity. The knowledge base of a nation is added to by research and disseminated by teaching through general education and vocational training. INVESTMENT in human capital results in new, technically improved, products and production processes that improve ECONOMIC EFFICIENCY, and it can be as significant as physical CAPITAL in promoting ECONOMIC GROWTH. See ECONOMIC DEVELOPMENT.
References in periodicals archive ?
The Human Assets Expansion Summit MENA helps to advance the role of HR in the region by providing a platform where some of the greatest and brightest minds in the industry come together to learn and share best practices.
The Human Assets Expansion Summit MENA is the recognised platform for this dialogue to take place, said Edward Matti, managing partner at CCM Consultancy, platinum sponsor of the summit.
One of the most important assets in that acquisition is this facility, as well as the important human assets of the people who work here.
With only eight cases across four provinces, the author is careful about making generalizations but asserts that human assets (leadership capacity, social and human capital) are equally important to natural endowments and that capacity building should "begin first with human resources" (p.
First of all, Haiti is on the list of least developed countries, and ranks poorly on all the indicators used to define that list: it has a low average income, a low value for the human assets and a high value for the economic vulnerability index.
First, the main reason that human assets are not shown in financial statements is that they do not meet the definition of an asset-namely: a resource, which is controlled by an entity as a result of a past event, that will bring economic benefits to the business.
Earlier in her career, Farmer served as a human resource specialist for Answer Human Assets benefits administrator for Ames Department Stores, and client service/benefit coordinator at Cendant Mobility, formerly known as Coldwell Banker.
She added the campaign presents a living example of the organized youth work designed to prepare human resources based on investing the human assets in Syria.
Gulf Bank announced that it has won the coveted "Employer of the Year" award at the 2nd GCC Human Resource Excellence Awards 2010 held in conjunction with the 5th Human Assets Middle East Congress.
Human assets are non-transferable when the knowledge, experiences, skills, and abilities (i.
Those of us who value our racing but cannot always be there in person may wish the corporation to take advantage of the human assets at its disposal and extend its coverage of this great sport.
At HSBC Amanah we attach paramount importance to these aspects and our partnership with a leading institute like CIMA is a clear example of our commitment to address the challenge of human assets, which remains a pressing issue for the Islamic finance industry globally.

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