Human Capital

Introduction
The organisations can no longer try and convince themselves that change is an option. It is inevitable and, to survive, organisations must accept it and move forward. On that note, there is a definite shift in priorities and values in the corporate world. There is a growing interest in people as the corporate asset is part of this shift in values.
Human Capital Theory
Human Capital is the most valuable asset an organisation can hold today. It is seen increasingly as a key determinant of economic performance (Fitzsimons, 1999). Human capital is defined as the attributes…