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HUMAN CAPITAL, HUMAN ASSETS & INTELLECTUAL CAPITAL
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| Submitted: Tue Jun 20 2006
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HUMAN CAPITAL, HUMAN ASSETS & INTELLECTUAL CAPITAL This essay discusses and explores the terms "Human Capital", "Human assets" and "Intellectual capital". Human capital is a way of defining and categorizing people's skills and abilities as used in employment (Economic Review, 2004). According to Robert Heller, "A business can realize the benefits of its greatest asset by winning the hearts, minds and spirit of people". Human assets are those personal qualities and characteristics that enhance the individual health, happiness and well being of each family member. The intellectual capital refers to the knowledge and knowing capability of a social collectivity such as an organization, intellectual community or professional practice (1998:245). The essay also focuses the way in which these terms are beneficial to HR managers to use these terms to assist themselves and communicating and planning human resource management strategies. Human capital is a way of defining and categorizing people's skills and abilities as...
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