Human capital

Human capital is a term from economics and business administration, but also from economic policy. Human capital is understood to mean the performance potential of the workforce, which through innate abilities, upbringing, training, continuing education is determined by work experience.

It enables the labor force or groups of labor force to carry out economically viable activities and thus to generate income. Human capital is widely believed to be the foundation of economic growth and productivity. Critics reject this technical term, however, because, in their opinion, it reduces the importance of people to their economic value.

Further explanation:

Human capital is the performance potential that employees of a company bring in or could offer.

Diesem Leistungspotential soll bei der Company valuation ein Wert zugewiesen werden, und es soll so aktiviert werden, daß es einen wertsteigernden Einfluß auf die Geschäftstätigkeit ausübt. Hierzu wird neuerdings der Ansatz des Intellektuellen Kapitals herangezogen. Dieser Ansatz lehrt, a) wie das Leistungspotential der Menschen gemessen werden und b) für die Unternehmung nutzbar gemacht werden kann.

A distinction must be made between human capital from the perspective of the employee and from the perspective of the company.

Human capital is determined by the knowledge present in the minds of employees. As such, it cannot be completely owned and controlled by the company. It remains tied to the respective person. It only benefits the company as long as the employee belongs to the company and is willing to cooperate.

Mit Knowledge management wird versucht, das Wissen der Mitarbeiter (im Sinne von persönlichem Know-how oder Erfahrungswissen) zu erheben, zu kodifizieren und in Datenbanken abzulegen, um es selbst nach Ausscheiden des Mitarbeiters behalten und nutzen zu können.

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