1. human capital refers to the people who posses the knowledge and enterprises together the other factors of production.
2. investment in the human capital yields a return just like investment in physical capital
3. its is essential as physical capital cannot produce goods and services on their own.
4. humans have made these physical capital without human they are useles..!!
:D..!! oL dA beST..:)
For any organization the most important factor is the people.
Because it is human from whose skill and knowledge that changes something into a resource.
do birds have iphone? no...
Effective management of any enterprise or activity requires efficient and effective use of all the available resources for the achievement of desired objectives. The resources used include men, machines, material and money. Out of these most important resource is men, which is in turn also affect in a big way how effectively other resources are used jointly. Thus the success of any establishment or enterprise depends heavily on management of its human resources. The human resources in turn form the organization structure of the enterprise. Therefore, management of the organization constitutes the means through which the human resources are put to work. As a result effective management of organization leads to effective utilization of human resources of the enterprise, which in turn plays a major role in success of the complete enterprise.
because with out human resources there would be no physical resources
I am curious about the answer. I will suggest the answer is human resources.
why it is important for human resource management systems to be in sync with an organization's strategy and goals
Human resources are more important than physical resources because they involve the people within an organization, who are the ones that drive productivity, innovation, and success. People can adapt, learn, and grow, making them a valuable asset that can't be easily replaced like physical resources. Investing in human resources can lead to a more motivated and engaged workforce, ultimately driving the organization's success.
For any organization the most important factor is the people.
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none of your buisness
Personnel or employees who work for the organization.
Because it is human from whose skill and knowledge that changes something into a resource.
human resources are important because the development of other resources solely depends upon these resources as they have knowledge, skill and technology to develop other resources.
Human resource is a key function of any organization including a human services organization. Human resources helps in achievement of the strategic goals not directly but indirectly as it helps the organization in getting the right people with the right qualifications and experience. These people are then helpful in achieving the strategic goals of the organization.
The human resources department in any company has a number of important functions. Some of these include hiring, firing, and taking care of organizing repairs to be made.
Human resources must transform from administrative functions to a strategic function in order to help the organization meet its goals. If the human resources department doesn't become strategic then they are working against the entire organization.