Investments in human capital go beyond education and include imparting skills, health considerations, and good manners. Governments and companies prioritize education and health facilities, while good morals lessen the burden on society and improve productivity.
When talking about investments in human capital, education usually comes to mind; however, investments in human capital go beyond mere education and include other facets of human development. Generally, human capital development or investments refer to the various contributions to human beings that serve the purpose of increasing their value as employees, citizens and persons. To that end, investments in human capital include such factors as imparting skills, formal and informal types of education, health considerations, and good manners.
Education is one of the most talked about types of investment in human capital due to the fact that educated people are considered valuable additions to society and the workplace because of the educational capital within them that can help to further develop the business. . society and economy in general. Thus, most governments prioritize investment in the education of their citizens, through subsidized education, scholarships, subsidies and excellent educational infrastructure. Companies also contribute to educational human capital investments by sending their employees to company-sponsored training, additional education, seminars and other types of education and training activities designed to improve the human capital of those employees.
Likewise, companies and governments also contribute to investments in human capital by providing good health facilities or enabling access to competent health service providers. Businesses do this by providing insurance for employees, while governments do this by providing the necessary medical infrastructure, including things like good hospitals and the provision of subsidized health care programs, so that health care can be made accessible to less affluent members of society. society. The importance of this type of investment in human capital is related to the fact that the healthier the individual, the more productive he will be.
Consideration of good morals as part of investments in human capital stems from the fact that individuals with good morals are able to better fit into society, lessening the burden on the government and other members of society in terms of crime and provision. security measures to deal with these problems. For companies, employees with good morals are better able to implement corporate ethics and are less responsible for doing something contrary to the company’s corporate ethics. This practice of good customs is also taken into family life, consequently affecting society in a positive way.
Asset Smart.
Protect your devices with Threat Protection by NordVPN
