Human capital: its value
Value of Human Capital Of course, human resource professionals have long understood the value of human capital and they have struggled to find a way to communicate this value. That is the very essence of human resource management today: to define the value of human capital, to find ways to accurately measure it, and to ensure the investment in and protection of this human capital. Anything less, and HR professionals have failed their organizations. And yet this process is replete with problems and obstacles. Calculating the value of our employees is difficult because they are not like any other asset; they are simultaneously the greatest potential asset and the greatest potential liability that an organization has at any given time. They are the only intangible asset that can be influenced but never completely controlled. A company can invest heavily in its human capital, or it can waste it without a care. Either way, the human capital still has its inherent value, but perhaps...