Human capital is worth more than any other type of capital in many of today’s organisations.
It is also fundamentally different, because in most of the world the organisation, the employer, does absolutely not own their human capital.
Human capital is owned in little chunks, called people, each chunk owned by that person himself or herself. Organisations receive, minute by minute, an investment of human capital by the owners of that capital. An investment of
- knowledge and
- driven by the belief of the individual that that investment will be adequately rewarded.
This has huge consequences for (more…)