Asked by Katherine Erickson on May 17, 2024
Verified
Value, rareness, and importance are all part of human capital.
Human Capital
The knowledge, skill sets, and abilities that employees bring to the workplace, viewed as an asset to the organization.
Value
The importance or worth of something, often used in the context of the benefits or usefulness it holds.
Rareness
Denotes the scarcity or uniqueness of resources or capabilities within an organization that contribute to its competitive edge.
- Recognize the elements and significance of human capital within organizational strategy.
Verified Answer
Learning Objectives
- Recognize the elements and significance of human capital within organizational strategy.
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