human capital

Popular Terms
Health, knowledge, motivation, and skills, the attainment of which is regarded as an end in itself (irrespective of their income potential) because they yield fulfillment and satisfaction to the possessor. In an organizational context, human capital refers to the collective value of the organization's intellectual capital (competencies, knowledge, and skills). This capital is the organization's constantly renewable source of creativity and innovativeness (and imparts it the ability to change) but is not reflected in its financial statements. Unlike structural capital, human capital is always owned by the individuals who have it, and can 'walk out the door' unless it is recorded in a tangible form, or is incorporated in the organization's procedures and structure.

Use 'human capital' in a Sentence

Often overlooked when launching a new online service is the amount of human capital required launch an idea onto phones and computers around the world.
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Human capital can be more valuable to employers than physical assets because of the time and expense needed to hire, train and retain qualified staff.
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After the devastating earthquake, rebuilding and recovery would not have been possible without the selfless investing of volunteer human capital.
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