Transcription of Human capital theory - CIPD
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Technical report May 2017 Human capital theory : assessing the evidence for the value and importance of people to organisational successin partnership withThe CIPD is the professional body for HR and people development. The not-for-profit organisation champions better work and working lives and has been setting the benchmark for excellence in people and organisation development for more than 100 years. It has more than 140,000 members across the world, provides thought leadership through independent research on the world of work, and offers professional training and accreditation for those working in HR and learning and | What s material in Human capital reporting?
(Grant 1996a, Mahoney and Kor 2015). This knowledge capital is commonly referred to as a firm’s intellectual capital (IC). A firm’s IC is made up of human, social and structural capital (innovation and process capital) (Edvinsson and Malone 1997). Human capital (HC), it can be argued, represents the foundational level of IC.
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