What Are The Main Components Of Human Capital?

What are 3 examples of human capital?

Human capital can include qualities like:Education.Technical or on-the-job training.Health.Mental and emotional well-being.Punctuality.Problem-solving.People management.Communication skills..

What are human capital programs?

A human capital plan refers to the development of strategies to recruit the best available talent, develop career plans for employees, mentor and coach the employees, motivate employees to deliver their best at all times, and develop performance management strategies, according to the Office of Personal Management.

What are the objectives of human capital?

The key objective of every organization should be to train its employees so that they become efficient resources later on. In human capital management, organizations treat their employees as important resources that play an instrumental role in productivity of the organization.

What are the types of human capital?

18 Types of Human CapitalKnow How. Practical knowledge that is applicable to creating value.Tacit Knowledge. Knowledge that you can’t obtain from reading a book such as how to play the violin or hit a baseball.Systems Thinking. … Design. … Creativity. … Social Capital. … Social Status. … Cultural Capital.More items…•

What are the key components of human capital?

Human capital is an intangible asset or quality not listed on a company’s balance sheet. It can be classified as the economic value of a worker’s experience and skills. This includes assets like education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality.

What are the four components of HRM?

It is a process which involves around four basic functions- acquisition, development, motivation and maintenance of human resources. The main goal of Human Resource management maximizes the productivity by enhancing the efficiency of employees in an organization.