“Human Capital is knowledge that individuals acquire during their life and use to produce good service or idea in market or non-market circumstances. In the knowledge era, human capital is the source of wealth…the embodiment of productive capacity within people. It is the sum of people’s skills, knowledge, attributes, motivations, and fortitude. It can be given or rented to others, but only on a temporary basis; it’s ownership is non-transferable.
Discuss the key elements in the definition of Human Capital (HC) in relation to differentiating between the study of Human Capital Management and Human Resources Management.
The answer should cover some Knowledge (Contents) acquired during our experiences in the Human Resources Module.
