Investing In Human Capital

According to experts, the human capital originated with Theodore Schultz, an economist that was interested in the world’s underdeveloped countries. Mr. Schultz claimed that improving the welfare of poor people did not depend on equipment, energy, land, but rather on education. He also argued that many have neglected to see human beings as capital and therefore they have done a poor job encouraging knowledge. Economist Theodore Schultz became a winner of the Noble Peace Prize in 1979. Today, because of his examples, others have embraced the importance of helping one another become more productive through the motivation of higher education and job training techniques. Studies have proven that investments in human capital are vital in sustaining economic growth. When we invest in …show more content…
Training is linked to performance and employee retention. Organizations that teach, coach, mentor and train their employees show a greater resolution in productivity overall than those that are resistant in molding their employees. To remain in competition, organizations must provide the necessary training to their employees. According to a quote from “Get Your People Working like They Mean It” by: Evelyn Jacks Everything is a Battle” Managers must be willing to engage themselves in the future of their employees. As I continue with this paper I will focus on the advantages of investing in human capital and the positive effects that can be produced because of job training. It has been said that our youth is the future of tomorrow. However, training, educating and believing in our youth will empower our future generation and change their thought process. We must be willing to sacrifice our time and energy in order to mold and shape their lives. As a nation the positive services that we provide to our young generation can help them flourish to model a healthy behavior and a more beneficial