Human Capital Development - 2625 Words

INTRODUCTION In this individual assignment I have chosen â€Å"HUMAN CAPITAL DEVELOPMENT† as my topic. In this assignment I discussed human capital development as it is related to Human Resource Management. According to Mayo(2000) focuses on a definition of human capital and defines it as: â€Å" a capability, knowledge, skill, experience, and networking with the ability to achieve results and the potential for growth; individual motivation in the form of aspirations, ambition, drives, work motivations and productivity; work group effectiveness in the form of supportiveness, mutual respect sharing and value; leadership in the form of clarity of vision and ability to communicate that vision; organizational climate in the form of culture particularly the freedom to innovate, openness, flexibility and respect for the individual.† in (Thomes N. Garavan, Michael Morley, Patrick Gunnigle, Eammon Collins 2001 p.50).Relatively in an easier way to understand â€Å"human capital is the collective value of the capabilities, knowledge, skills, life experiences, and motivation of an organizational workforce.† (Ghee Soon Lim, Rebert L Mathis and John H. Jackson 2009 p.12) In this assignment we have three issues which are definition of human capital, human capital is an asset and the importance of human capital development. The reason I want to discuss about definition human capital because that have many meanings for human capital. How about why I discuss about human capital is an asset? We must knowShow MoreRelatedRole of Human Capital in Economic Development5407 Words   |  22 Pages One way of achieving this is by maximizing the use of both physical and human capital. In or case we shall consider human capital. Human capital, according to Adam Smith refers to the acquired and useful abilities of all the inhabitants or members of the society. The acquisition of such talents by the maintenance of the acquirer, during his education, study or apprenticeship, always costs a real expense, which is a capital fixed and realized, as it were in his person. Those talents, as it makesRead MoreThe Capital And Recurrent Expenditure On Human Capital Development 3676 Words   |  15 Pagesin Nigeria’s Capital and Recurrent Expenditures on Human Capital Development (1981-2010) By Alutu, Uzochukwu Uchechukwu (B.Sc) Email: uzlutus@yahoo.com Izilein, Elizabeth I. (Mrs) Ph.D Department of Economics and Statistics, University of Benin, Benin City Email: eiokojie@gmail.com, elizabeth.izilein@uniben.edu, eiokojie@yahoo.com ABSTRACT This paper seeks to compare and contrast various trends in the capital and recurrent expenditure on human capital development in Nigeria betweenRead MoreProceedings Of The Second Conference On Human Capital Development9482 Words   |  38 PagesProceedings of the Second Conference on Human Capital Development Vol. 2 No. 2 2015 Theme: ENHANCING HUMAN CAPITAL DEVELOPMENT THROUGH MULTI-DISCIPLINARY RESEARCH Date 30th June 2015 Venue Conference Hall, Rivers State College of Arts and Science Port Harcourt, Rivers State, Nigeria Fortress Educational Consultancy Services Limited Proceedings of the Second Conference on Human Capital Development Vol. 2 No. 2 2015 Editorial Board Editor: DrRead MoreChild Labor Is The Lack Of Intergenerational Human Capital Development1639 Words   |  7 Pagesutilizations of child labor, high rates of this phenomenon tend to be ultimately detrimental to the child, household, and national economy as a whole. The central reason why child labor is of great concern is the lack of intergenerational human capital development that it creates. Effective policy intervention is quite difficult in the case of child labor because it mostly occurs within the informal sector which makes regulation quite difficult. Notwithstanding the difficulties presented by the informalRead MoreMultinational Corporations in China and Local Human Capital Development2278 Words   |  10 Pagessustaining a growth rate of about 10% per year for the past 25 years. This is even more remarkable considering that the world is at a stage of transformation and globalization. In such times, countries with higher levels of technological development and human capit al are naturally positioned to take advantage of the new growth opportunities. Although at the start of China’s reform era the nation was underdeveloped relative to the powerful nations of the world, it has been able to close the gap significantlyRead MoreCapital Equipment Leasing Strategic Human Resource Development Plan1673 Words   |  7 Pages CEL Capital Equipment Leasing Strategic Human Resource Development Plan A Proposal by Tim Bowles OMM-618 Strategic Management in Human Resources Management Instructor Prof. Maja Zelihic May 12, 2015 Executive Summary As Capital Equipment Leasing continues to grow, the need to establish a more mature HR Development program that responds to the company’s needs to succeed in a fast growing market. Traditional values include optimism about the future. The contents of this report areRead MoreCapital Punishment : A Prosperous And Amazing Journey For The Development And Advancements Of The Human Race1656 Words   |  7 PagesIn the perils of what is a prosperous and incredible journey for the development and advancements of the human race, we are pushed back by the evil actions of some individuals who believe their objections to society outweigh the necessary benevolence. Stretching to the early years of Ancient China, highly regarded to be far surpassing the standards of the era, The Zhou, Qin, and Han dynasties all demonstrated the need for a death penalty to expunge the evil from their land. Established in the RomanRead MoreRole of Human Capital in Economic Development: an Empirical Study o f Nigerian Case6636 Words   |  27 PagesROLE OF HUMAN CAPITAL IN ECONOMIC DEVELOPMENT: AN EMPIRICAL STUDY OF NIGERIAN CASE By Risikat Oladoyin S. Dauda, Ph.D Department of Economics University of Lagos Akoka, Lagos E-mail: rissydauda@yahoo.com rdauda@unilag.edu.ng ABSTRACT Although several theories of endogenous growth point towards a positive effect of human capital on growth, empirical evidence on this issue has been mixed. Despite various efforts of the successive Nigerian governments, virtually all indices of human developmentRead MoreCollaboration Between The Illinois Community College Board And The Division Of Humans Capital Development1622 Words   |  7 PagesIntroduction Interagency collaboration is the only approach to enhance sharing of duties and responsibilities in program implementation. The study aims to show the collaboration between the Illinois Community College Board and the Division of Humans capital development to improve adult literacy in the State of Illinois. In 2008, the two agencies entered an agreement with the aim of improving the literacy levels in the State and the objective of the agreement was to improve social literacy among the adultsRead MoreImportance of Human Resource Management Essay1177 Words   |  5 PagesHuman resource is the most valuable asset of an organisation as it is the source of operational performance and competitive advantage in an organisation. An asset, by definition, is a useful or valuable thing or person. An organisation comprises of three types of assets, namely; financial assets, physical assets (infrastructure and equipment), intangible assets. Intangible assets include intellectual capital (patent s, copyrights and trademarks), social capital and human capital. The creative thinking