IBN: Defining Excellence in Electronic Recruiting

interbiznet.com

Electronic Recruiting
News

Our Rate Card

 

 





Please Click On Our Sponsors


Please Click On Our Sponsors


Recruiting News for the Human Resource Professional


Please Click On Our Sponsors


Please Click On Our Sponsors



Please Click On Our Sponsors


Please Click On Our Sponsors




 

 

 

Click On Our Sponsors



Click On Our Sponsors





 

 

 

 



New
interbiznet
Bookclub

interbiznet
Listings

Find out more
About IBN

Got a news tip?
Tell us at
bugler@
interbiznet.com


Our Rate Card

Articles

Presentations

Trends Reports

Archives


Suggestions?



It is better
to not be on
the web than
to be on and
not know why

John Sumser

Reality
is more
complex
than
it seems.
John Gall






OUR HOME

Click On Our Sponsors

The Electronic Recruiting News is a Free Daily Newsletter For Recruiters, HR Managers, Advertising Agencies and Clasified Advertising Operations


Home | ERN | Bugler | The Blogs | Blogroll | Advertise | Archives | Careers

Click On Our Sponsors


Human Capital

(June 01, 2004) - We toss the phrase around as if everyone agreed that it was a good idea. Human Capital, in the loosest of terms, means something like "the value you get from people". For a more liberal interpretation of the idea, you might consider "the value contained and produced by the people within an organization." Since the question of who owns the Human Capital (and can it be separated from the human beings that contain it?) comes up quickly, it's not surprising that a general agreed upon definition is slow to evolve.

We wonder just how you manage something that you can not define.

The definitions we offer below are a fair sampling of the currently available views Human Capital (HC). Most of them overlook the fact that HC is a metaphor and not a thing at all. It is most important to grasp that a metaphor is a comparison and not a literal thing at all.

In other words, it is not useful to throw a life preserver to a man who is drowning in debt. It is a mistake to hunt for the script that must be used if all of the world is a stage. HC is a way of talking about something that is harder to name.

Here are some sources and offerings:

  • WordIQ: Human capital is a way of defining and categorizing peoples' skills and abilities as used in employment and otherwise contribute to the economy. (very interesting article contained in definition)
  • InvestorWords: The set of skills which an employee acquires on the job, through training and experience, and which increase that employee's value in the marketplace.
  • Campbell R. Harvey's Hypertextual Finance Glossary: The unique capabilities and expertise of individuals.
  • Knowledgepoint: that which is in the minds of individuals: knowledge, competencies, experience, know-how etc.
  • Sustainability.com: reflects the knowledge, skills and talent of the company's employees and contract labour, which are important in determining its ability to innovate and compete. This factor may include:
    • Ability to attract and retain employees.
    • Increased staff satisfaction and employee motivation.
    • Increased employee empowerment and ability to innovate.
    • Consultation and engagement activities that proactively address problems, leading to new innovations.
  • Center For Alternative Development: the collective 'assets' and 'wealth' in terms of talents and capacities of a group of individual human beings when viewed as part of the development process.
  • Agtrade: The knowledge, skills, abilities and capacities possessed by people. Human capital can be accumulated in many ways, including education, on-the-job training, on-the-job experience, investments in health, outreach and extension programs, life experience, migration, and searching for information about goods, services, employment opportunities, etc.
  • Taleo's Ives Lermusiaux describes the underlying principles of Human Capital Management
  • Worldbank: the stock of accumulated skills and experience that make workers more productive.
  • The Canadian Government offers a potent view of value drivers.
  • Econoterms: Human capital is the attributes of a person that are productive in some economic context. Often refers to formal educational attainment, with the implication that education is investment whose returns are in the form of wage, salary, or other compensation. These are normally measured and conceived of as private returns to the individual but can also be social returns.
  • Assett Analysis: another name for labor (specifically, the skills and abilities of trained or educated workers).
  • LineZine (a lovely casualty of the crash) produced a number of literate articles on the subject.
  • Auburn University (Paul Johnson): A loose catch-all term for the practical knowledge, acquired skills and learned abilities of an individual that make him or her potentially productive and thus equip him or her to earn income in exchange for labor. The figurative use of the term capital in connection with what would perhaps better be called the "quality of labor" is somewhat confusing. In the strictest sense of the term, human capital is not really capital at all. The term was coined so as to make a useful illustrative analogy between investing resources to increase the stock of ordinary physical capital (tools, machines, buildings, etc.) in order to increase the productivity of labor and "investing" in the education or training of the labor force as an alternative means of accomplishing the same general objective of higher productivity.
  • Free-Definitions: Human capital refers, in macro-economics, to the capacity of a workforce to yield financial capital, in parallel to the way physical capital yields goods. 

John Sumser


Hire Top Targeted Candidates at Lowest Prices!

Niche Boards fill 4x more jobs than Careerbuilder - CareerXRoads survey
The secret is choosing the right niche boards!


For more Specialty Boards, visit:
The
Employer's Corner on TopUSAJobs.com

marketing@TopUSAJobs.com


Home | ERN | Bugler | The Blogs | Blogroll | Advertise | Archives | Careers

Contacting Us:
Call, fax, write, email. We'd love to consult with you about your project.

Copyright © 2013 interbiznet. All rights reserved.
Materials written by John Sumser © TwoColorHat. All Rights Reserved.
Mill Valley, CA 94941
415.377.2255
colleen@interbiznet.com

Electronic Recruiting News
  


 

     FEATURES:

  • EMAIL NEWSLETTERS:
         - Bugler
           (Sign-up)
           Daily Industry News

         - ERNIE
           (Sign-up)
           ERN in Email

         RESOURCES:

  • BlogRoll
  • Integrated Employment
          Branding Presentation
  • Trends Whitepaper
  • interbiznet Listings
  • interbiznet Trends
  • interbiznet Bookclub
  • Top 100 E-Recruiters
  • Presentations
         - Recruiting Then/Now
  • Recruiter's Toolkit
  • Seminar In A Box
  • ERN Archives
  • 1st Steps In The Hunt







         ADVERTISING:

  • Our Rate Card
  • Demographics



         RESOURCES:

  • BlogRoll

         RECENT ARTICLES:


  • Retention
  • Worforce Planning
  • eRecruiting Benefits
  • Important Site
  • Donna Troisi
  • Relationship Mgmt
  • OffShoring
  • Futures
  • Consider The Audience
  • Cause and Effect
  • Search Results
  • 5 Years Ago
  • Direct Employers
  • One Year Ago
  • The Ladders
  • Job Board Series
  • Job Board Definitions
  • Dem Demographics
  • Deming
  • Building a Niche Biz
  • Network Quality
  • Hire Desk
  • Mid-Market
  • Unicru
  • Demographics
  • ATS Market Basics

         ERN ARCHIVES

    Stocks We Watch:
    Public Companies
    in Electronic Recruiting


     


         © 2013 interbiznet.
         All Rights Reserved.

         Materials written
         by John Sumser
         © TwoColorHat.
         All Rights Reserved.