10
Capital in the organization). Strategic HCM is the transformation of how we employ,
deploy, develop and evaluate the workforce. It focuses on results, not processes.
The term Human Capital (HC) was first used by Nobel Laureate, Theodore W. Schultz,
in the 1961 American Economic Review Article, ‘Investment in HC.’ The term is now
most frequently used to refer to a combination of skills, experience and knowledge. HC
is an all-encompassing term for “the
knowledge, skills, competencies and other
attributes embodied in individuals or groups of individuals acquired during their life
and used to produce goods, services or ideas in market circumstances.”
HC
makes an
individual potentially productive and thus equips him or her to earn income in exchange
for labour.
Chia sẻ với bạn bè của bạn: