Today, more than ever, strategic decisions are related to human resource considerations. Which of the following refers to the economic value of the knowledge, experience, skills, and capabilities of employees?
human capital

Respuesta :

Human capital refers to the economic value of the knowledge, experience, skills, and capabilities of employees. (Option A)

Human capital refers to a concept utilized by social scientists to define personal attributes of employees that are considered useful in the production process. The term basically refers to the economic value of a employee’s experience and skills. It includes assets such as employee knowledge, skills, know-how, experience, good health, and education as well as other things employers value such as loyalty and punctuality. Human capital is an intangible asset or quality which is not listed on a company's balance sheet. However, it is perceived to increase productivity and thus profitability as the more investment a company makes in its employees, the higher the likelihood of its productivity and success.

Note: The question is incomplete as it is missing options which are a. Human capital b. Economic capital c. Contingency assets d. Capital assets e. Economic assets

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