scholarly journals Work First Versus Human Capital Development in Employability Programs

2014 ◽  
Author(s):  
Colin Lindsay
Keyword(s):  
Human Capital ◽  
Welfare States ◽  
Human Capital Development ◽  
Holistic View ◽  
Factors Affecting ◽  
The Difference ◽  
Capital Development ◽  
The Unemployed ◽  
Work First

Policymakers across advanced welfare states have prioritized programs to enhance the employability of unemployed people and help them to find and sustain work. In this regard, analysts have drawn attention to the difference between Work First and Human Capital Development (HCD) models. The former seek to direct people to any available job as quickly as possible; the latter seek to improve long-term employability through investments in human capital (typically via education and training). This chapter deploys a framework for comparing Work First‒ and HCD-oriented approaches to employability, identifying differences in rationales, content, and outcomes. A key conclusion is that policymakers (and indeed researchers) need to adopt a broader, more holistic view of the factors affecting the unemployed. A better understanding can inform the development of programs that combine Work First and HCD elements and address the problems that explain why some people face prolonged periods excluded from the workplace.

scholarly journals Long-term Development of National Human Capital. Evidence from China and Poland

2020 ◽  
Vol 12 (3) ◽  
pp. 30-66
Author(s):  
Łukasz Bryl
Keyword(s):  
Human Capital ◽  
Research Collaboration ◽  
Tertiary Education ◽  
Value Added ◽  
Human Capital Development ◽  
Policy Makers ◽  
Industry Research ◽  
National Human ◽  
Capital Development

AbstractObjective: The aim of this paper is to present the long-term development of the chosen human capital indices that uncovers and compares the outcome of the national efforts performed by the two culturally distant countries (China and Poland) over the decade. Additionally, paper indicates the areas of further HC progress in both nations.Methodology: The study was based on measuring human capital with the help of deliberately chosen set of macroeconomic indices (28 items) referring to the nations’ capability to create innovations. Analysis was performed for the 2007–2017 years.Findings: Positive phenomena in the case of human capital development outperform the negative ones in both countries, however, the extent is more remarkable in the case of China. China managed to: improve greatly the pupil-teacher ratio (both in primary and secondary schools), increase secondary and tertiary education enrolment rate along with the rise of the no. of students from abroad. In Poland, the greatest increase was observed in the case of the number of researchers what consequently contributed to the improvement of number of scientific and technical articles and citable documents (h-index).Value Added: To the best Author’s knowledge this is the first paper that compares national human capital development in Poland and China with a set of indices focused on capability to create innovations and adopts longitudinal approach.Recommendations: Policy-makers in the case of Poland should concentrate on: fostering university/industry research collaboration, improving rank in worldwide QS classification and performing more efforts to attract and retain talents. Moreover, the negative trends should be reversed with regard to: PISA scores and general quality of education system. In turn, Chinese authorities should facilitate better PISA scores and increase the presence of scientific and technical articles.

scholarly journals The Long-Term Effects of Foreign Investment on Local Human Capital: Four American Companies in Spain, 1920s–1970s

2018 ◽  
Vol 92 (3) ◽  
pp. 425-452 ◽  
Author(s):  
Núria Puig ◽  
Adoración Álvaro-Moya
Keyword(s):  
Human Capital ◽  
Positive Impact ◽  
Historical Analysis ◽  
Local Context ◽  
Long Term Effects ◽  
Human Capital Development ◽  
New Knowledge ◽  
Working Practices ◽  
Capital Development

This article explores the long-term effects of foreign direct investment on the human capital development of host economies, based on the historical analysis of the Spanish operations of four leading American firms: ITT, J. Walter Thompson, Merck Sharp & Dohme, and John Deere. Our research shows that the training and working practices of these companies had a positive impact on the Spanish subsidiaries in terms of technological upgrading and managerial development. However, the local context was also relevant, through mandatory agreements that empowered local partners from the start and the availability of locally educated professionals eager to absorb new knowledge.

scholarly journals Human Capital Development, Economic Rejuvenation and Stable Long-Term Growth: The Case of Nigeria

2014 ◽  
Vol 27 ◽  
pp. 202-214
Author(s):  
Martins Iyoboyi
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Development Economic ◽  
Bounds Testing ◽  
Human Capital Development ◽  
Long Run ◽  
Stable Growth ◽  
The Stability ◽  
Capital Development

The paper investigates the relative impact of human capital development on economic rejuvenation and growth in Nigeria form 1981 to 2010, using the bounds testing approach to cointegration. The study utilized a combined proxy of education and health to capture the influence of human capital on growing and consequently rejuvenating an economy. Fixed capital and human capital were found to be positively associated with economic growth in both the short and long run, while Granger-causing economic growth in the period of study, implying the imperatives of using them to rejuvenate an economy. The stability of the coefficients of the estimated model is confirmed by the CUSUM and CUSUMSQ tests. The paper showed that for Nigeria’s economic rejuvenation and long-term stable growth, emphasis should be placed on deliberately developing the country’s vast human resources.

scholarly journals An Assessment of Human Capital Development in Nigeria through the Lens of Education

2014 ◽  
Vol 35 ◽  
pp. 1-14
Author(s):  
Martins Iyoboyi ◽  
Olarinde Muftau
Keyword(s):  
Human Capital ◽  
Poverty Alleviation ◽  
Wealth Creation ◽  
Human Capital Development ◽  
Policy Documents ◽  
Secondary Sources ◽  
Employment Generation ◽  
Stable Growth ◽  
Capital Development

The paper assesses human capital development in Nigeria through the lens of education. The study used education as proxy to capture human capital, while utilizing secondary sources of data. There is evidence that human capital development in Nigeria is inadequate and unable to galvanise the economy towards long-term stable growth. Emphasis should be placed on deliberately developing the country’s vast human resources, with particular reference to the country’s educational spectrum, if the goal of poverty alleviation, employment generation and wealth creation, all encapsulated in various policy documents over the years, are to be achieved.

scholarly journals Implication of Human Capital Development on Economic Growth by Using Cointegration and Error Correction Modelling in Pakistan

2021 ◽  
pp. 73-79
Author(s):  
Nayab Minhaj
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Error Correction ◽  
Human Capital Development ◽  
Vector Error Correction ◽  
Vector Error ◽  
Short And Long Term ◽  
The Government ◽  
Capital Development

The study examined human capital development and Pakistan economic growth in the quest to evaluate various policy grounds upon which capital development exist among nations and its nexus and effect it will have on the domestic economy, this paper cross-examined the objective purpose of capital development as a measure of economy development the vector error correction approach was adopted as an estimation technique to reveal the short and long term disequilibrium in the study. Findings from the study show that there is a direct influence between the subject matter of human capital and economic growth in Pakistan by these findings, the study recommends that the government of Pakistan should continue the level of spending for the two sectors of health and education which are the underlying sectors for attaining capital development and purposeful growth and development in the Pakistan economy.

scholarly journals New Approaches to Employability in the UK: Combining ‘Human Capital Development’ and ‘Work First’ Strategies?

2007 ◽  
Vol 36 (4) ◽  
pp. 539-560 ◽  
Author(s):  
COLIN LINDSAY ◽  
RONALD W. McQUAID ◽  
MATTHEW DUTTON
Keyword(s):  
Human Capital ◽  
Job Search ◽  
Personal Development ◽  
Case Study Research ◽  
Behaviour Therapy ◽  
Human Capital Development ◽  
Cognitive Behaviour ◽  
The Uk ◽  
Capital Development ◽  
Work First

AbstractThis article analyses recent developments in policies to promote the employability of unemployed and economically inactive people in the UK. It discusses the extent to which these policies reflect the dominant approaches of ‘Work First’, where programmes focus mainly on compulsory job search and short-term interventions to facilitate a quick return to work, or human capital development (HCD), where programmes tailor services to promote longer-term skills and personal development. Specifically, the article reports on case-study research into two recent pilot initiatives: Working Neighbourhoods (which targeted a range of intensive services in neighbourhoods characterised by high levels of inactivity) and Pathways to Work (which combines employability services and cognitive behaviour therapy-type approaches to help clients to manage health problems). While both pilots have retained strong Work First features, they potentially represent a shift towards a more HCD-oriented approach, through the delivery of more holistic ‘coping and enabling’ services. However, there remain concerns that, as with previous progressive policy initiatives, the positive lessons of these pilots will not be fully mainstreamed. We conclude that, if the UK is to balance Work First compulsion with high-quality services delivering progress in the labour market and HCD, a strengthening of ‘coping and enabling’ interventions is required, alongside a renewed commitment to training.

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