Human capital
Human capital is the combination of attitudes, social features, and personality attributes, including creativity, that is integrated into the KSAs needed in order to produce economic value through labor.
The World Bank owns the Human Capital Project and, particularly, calculates the Human Capital Index.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Human capital. The skills and education of workers.
According to Macroeconomics by Mankiw (7th edition),
- Human capital. The accumulation of investments in people, such as education.
According to the HRBoK Guide,
- Human capital. Knowledge and talents of employees. Employees' knowledge, talents, and skills that add to the value of the organization.
