What is Human Capital ?
‘Human Capital’ refers to the intangible economic value of the employee which is the direct result of their experience and skills. It also takes into account other factors such as education, training, intelligence, health, loyalty, punctuality, etc.
Human capital can be improved by providing adequate training. Some companies might even be willing to help their employees with their education and improve their abilities.
It is a proven fact that improving the human capital has a direct positive impact on the overall productivity and efficiency of the organization. Hence , it is said that the human capital of an organization is imperative to an organization’s success.