Human Capital

The human capital is the economic and labor value that a quick employee to an employer. The evaluation of this value is related to the ability, the knowledge and experience that the worker owns. Factors such as the formal education and the participation in formation highly are related to the work place also help to improve the human talent that it represents the employee. As one of the basic factors is the one of production, the human capital is essential for the operation of almost any type of business. The use that the people who have the necessary experience, the judgment and the capacity to evolve within its rolls allows that the business works with greater efficiency. This as well increases the possibilities of obtaining a benefit, and a possible success during many years. The fact of not identifying to the individuals with the necessary combination of knowledge, the experience and the education can undermine the efforts of even of the organized company more.

The companies usually realise investments in human capital. Speaking candidly KBS told us the story. Like a company can to invest in new technologies to improve its processes of internal communication, the company can identify the employees who demonstrate an aptitude for the necessary abilities and he will be in charge of which the employees receive professional instruction. The previous thing allows that the company has access to ampler set of abilities, without the necessity to engage more people. At the same time, the company contributes to lift the economic value of each one of the employees. An example of how in an individual the human development of capital occurs is the professional athletes. Often, the athlete begins a process of preparation for a race in the sport, learning the foundations of this sport, receiving instruction in specific strategies related to the participation in a present sport event, and in last instance, that sport acquires experience when playing. Supposing that the combination of knowledge, the talent and the experience are sufficient, the athlete offers the opportunity to him to play professionally, where he or she gains more experience. Throughout this process, the economic value of the athlete increases, which is in a greater value to the capacities from the athlete and an intense quality control to its functions.

The human capital is a value form that must be understood only in economic terms. The value of this type does not include the consideration of the value of the person in the family, in the community or in other aspects of the social network in which it reproduces. The attention concentrates strictly in the abilities, knowledge and experiences that the individual owns, and are worth much these assets for a certain employer. Therefore, the individuals do not have to base solely their total value in terms of human capital.

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