IndexIntroductionThe meaning of human capitalConcept of human capitalIntroductionWe use the term today as if it had always been part of our lingua franca. But it wasn't. Not long ago, even economists scoffed at the concept of “human capital.” As Theodore Schultz noted, many thought that free people should not be associated with property and marketable goods. For them, this implied slavery, in the 1961 American Economic Association presidential address. But the concept of Human Capital according to Adam Smith. He noted in his fourth definition of capital: “Acquiring skills during education, study or apprenticeship, costs real expenditure, which is a person's capital. Those skills are part of his part and also that of society." Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essayThe term "human capital" is the first formal use in economics apparently by Irving Fisher in 1897. It was subsequently adopted by various writers but did not become a major part of the lingua franca of economists until the late 1950s. It became much more popular after Jacob Mincer's 1958 Journal of Political Economy article “Human Capital Investment and the Distribution of Personal Income.” In Gary Becker's Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education, published in 1964 and preceded by his In the 1962 Journal of Political Economy article, “Investment in Human Capital,” Becker notes that the term “ human capital” he hesitated to use in the title of his book and employed a long term subtitle to the criticism against the guard. Article by Schultz (1961) on the importance of human capital in explaining various economic anomalies. Some are easy to examine, such as why both immigrants and students are excessively young people. Some are more difficult, such as why the capital-to-income ratio has declined over time, what defines “residual” growth, and why Europe recovered so quickly after World War II. Some are more difficult, such as why earnings from labor have increased over time and why they have not increased for much of human history. As is clear from most of these issues, the study of human capital is genetically historical. The Meaning of Human Capital Successful people depend on a higher level of competence. In response, peoples are becoming valuable assets. From an economic perspective, capital refers to the factors of production used to create goods and services. In economics, the human being is the subject who takes power over all activities such as production, consumption and transactions. Therefore it can be identified that human capital means an element of production that can generate values ​​through its input. What is human capital Human capital is defined in the Oxford English dictionary as "the skills that the workforce possesses and is considered a source or resource". ' Includes the notion that there are investments in people (education, training, health) and that these investments increase individual productivity and performance. An organization cannot move forward if there are no employees. The organization functions with the help of individuals who are dedicated in their own way to success and productivity. Employees spend most of their day in offices and strive to achieve the goals and objectives of the organization. The attachment of employees towards their organization must be motivated from time to time so as to develop the feelingto give the best of yourself. Every employee in his assignment acquires a set of skills through his/her experience, exposure, training and so on which further increases his/her productivity ultimately benefits the organization. The awareness and competence that employees develop over time to further increase productivity at the organizational level refers to human capital. During his time with the organization, the employee tries his best to hone his skills and progress. Human capital is defined as the collective stock of skills, attributes, knowledge, skills of employees which also plays a fundamental role in increasing the productivity of the organization. Every organization has its lifeline in the form of trained employees, so every organization invests money and resources training new employees to gain value for organizational goals. Employees work hard, improve results and contribute in their own way to increasing the productivity of their organization. In “Economic Development with Unlimited Labor”, the word “Human Capital” was introduced by AW Lewis. Human capital plays an essential role in increasing the productivity and production of an organization. Concept of human capital The first point of view is based on individual aspects. Schultz (1961) recognized human capital as “something akin to property” in contrast to the concept of labor power in the classical perspective. There is a second point of view on human capital itself and its accumulation process. This context guides the knowledge and skills acquired through educational activities such as compulsory education, post-secondary education and vocational education. The third is closely linked to the production-oriented perspective of human capital. Frank & Bemanke (2007) define that human capital is "an amalgam of factors such as education, experience, training, intelligence, energy, work habits, reliability and initiative that enhance a worker's marginal product. Producing economic value embodies the ability to perform jobs with skills and knowledge (Sheffin,2003). Consequently, human capital simultaneously includes both the instrumental concept for producing certain values ​​and the 'endogenous' meaning for self-generating them. Human capital is synonymous with knowledge embodied at all levels , such as an individual, an organization/a nation. Impacts of human capital: on aspects of the individual, organization and society Individual: many possibilities to increase individual income, standard of living, resulting from individual productivity. Organization: collective competence, organizational routines, tacit knowledge, collective learning, corporate culture; and rational capital" (Edvison & Malone, 1997) Society: the possibility of human capital for "democracy, human rights and political stability" on the common awareness of social components (McMahon, 1999). Increase in social awareness of the components of the community (Beach, 2009) Consequently, the link between human capital and social consciousness is based on a close interrelation that leads to socio-political development (Alexander, 1996; Grubb & Lazerson, 2004; Sen, 1999). be understandable, it must formulate the objectives of the study. Furthermore, objectives are more normally suited to the research community as evidence of the researcher's clear sense of purpose and direction. Thus, in light of the research topic, the main objective of this study is to1. “Examines the impacts of human capital on organizational productivity. There are numerous limitations to this study: Please note: This is just one example. Get one now,.