Human capital refers to the various knowledge and skills that
any individual posses.
It is very necessary in every firms and organisations as the
knowledge and skills of people helps them in achieving
success.
They use human capital for efficient use of modern technology,
for the employment of resources and to improve the productivity and
profits of the organisation by allocating these resources
efficiently.
It sums the total skills and knowledge of all the Individuals
in the economy to achieve the organisation wide goals.
Thus human capital proves to be an important asset for every
organisation, hence each organisation must nurture the skills and
knowledge of its employees by giving them proper training and
education.