1. Human Capital © 2015 albert-learning.com Human Capital

2. © 2015 albert-learning.com HUMAN CAPITAL Human capital is the stock of competencies, knowledge, habits, social and personality attributes, including creativity, cognitive abilities, embodied in the ability to perform labor so as to produce economic value

3. Human Capital © 2015 albert-learning.com Vocabulary Cognitive abilities Brain-based skills(mechanisms of how we learn, remember, problem-solve, and pay attention rather than with any actual knowledge.) NuancedA subtle difference or distinction in expression ModeledUse (a system, procedure, etc.) As an example to follow or imitate. ImmeasurableToo large, extensive, or extreme to measure. SignalingConvey information or instructions by means of a gesture, action, or sound.

4. Human Capital © 2015 albert-learning.com "HUMAN CAPITAL" HAS BEEN AND IS STILL BEING CRITICIZED IN NUMEROUS WAYS. Michael Spence offers signaling theory as an alternative to human capital. Pierre Bourdieu offers a nuanced conceptual alternative to human capital that includes cultural capital, social capital, economic capital, and symbolic capital These critiques, and other debates, suggest that "human capital" is a reified concept without sufficient explanatory power.

5. Human Capital © 2015 albert-learning.com In modern technical financial analysis, the term "balanced growth" refers to the goal of equal growth of both aggregate human capabilities and physical assets that produce goods and services.

6. Human Capital © 2015 albert-learning.com The assumption that labor or workforces could be easily modeled in aggregate began to be challenged in 1950s when the tertiary sector, which demanded creativity, begun to produce more than the secondary sector was producing at the time in the most developed countries in the world..

7. Human Capital © 2015 albert-learning.com Management accounting is often concerned with questions of how to model human beings as a capital asset International policies also often address human capital flight, which is the loss of talented or trained persons from a country that invested in them, to another country which benefits from their arrival without investing in them.

8. Human Capital © 2015 albert-learning.com The concept of human capital can be infinitely elastic, including immeasurable variables such as personal character or connections with insiders (via family or fraternity). MOBILITY BETWEEN NATIONS Educated individuals often migrate from poor countries to rich countries seeking opportunity.

9. Human Capital © 2015 albert-learning.com HUMAN CAPITAL RISK ACCUMULATES IN FOUR PRIMARY CATEGORIES: Absence activities (activities related to employees not showing up for work such as sick leave, industrial action, etc.). Unavoidable absence is referred to as Statutory Absence. All other categories of absence are termed "Controllable Absence"; Collaborative activities are related to the expenditure of time between more than one employee within an organizational context. Examples include: meetings, phone calls, instructor led training, etc.; Knowledge Activities are related to time expenditures by a single person and include finding/retrieving information, research, email, messaging, blogging, information analysis, etc.; and Process activities are knowledge and collaborative activities that result due to organizational context such as errors/rework, manual data transformation, stress, politics, etc.

10. Human Capital © 2015 albert-learning.com

11. Human Capital © 2015 albert-learning.com Reviewed By Reviewed On Comments / Changes Made Vidyesh14-09-2015N.A.