The human capital refers to?
Correct answer: D. all of above
- A. education of firm's workers
- B. training of firm's workers
- C. skills and expertise of firm's workers
- D. all of above
Explanation
Human capital is the value embodied in employees' knowledge, skills, abilities and expertise. Education and training develop this capital, so all three descriptions are included.
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About Human Resource Management
Human resource management deals with acquiring, developing, rewarding and retaining employees within an organisation. It includes job analysis, recruitment, selection, training, performance appraisal, compensation, career planning, labour relations and workplace discipline. Recruitment attracts applicants, while selection evaluates them and chooses the most suitable candidate.
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