Investments in Human Capital: Education and Training

2021 ◽  
pp. 306-356
Author(s):  
Ronald G. Ehrenberg ◽  
Robert S. Smith ◽  
Kevin F. Hallock
Keyword(s):  
Human Capital ◽  
Education And Training ◽  
And Training

Innovative Techniques and Strategies of Skill Building for Human Resource Development in SMEs, India

2016 ◽  
Vol 2 (2) ◽  
Author(s):  
Arti Awasthi
Keyword(s):  
Human Capital ◽  
Human Resource Development ◽  
Skill Development ◽  
Education And Training ◽  
Global Competitiveness ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Key Factor ◽  
Skill Building ◽  
And Training

India has gradually evolved as knowledge based economy due to the abundance of capable, flexible and qualified human capital. With the constantly rising influence of globalization, India has immense opportunities to establish its distinctive position in the world. However, there is a need to further develop and empower the human capital to ensure the nations global competitiveness. Despite the empathetic stress laid on education and training in this country, there is still a shortage of skilled manpower to address the mounting needs and demands of the economy. Skill building can be viewed as an instrument to improve the effectiveness and contribution of labor to the overall production. It is as an important ingredient to push the production possibility frontier outward and to take growth rate of the economy to a higher trajectory. This paper focuses on skill development in Small and Medium Enterprise (SMEs) which contribute nearly 8 percent of the country's GDP, 45 percent of the manufacturing output and 40 percent of the exports. They provide the largest share of employment after agriculture. They are the nurseries for entrepreneurship and innovation. SMEs have been established in almost all-major sectors in the Indian industry. The main assets for any firm, especially small and medium sized enterprises are their human capital. This is even more important in the knowledge based economy, where intangible factors and services are of growing importance. The rapid obsolescence of knowledge is a key factor of the knowledge economy. However, we also know that for a small business it is very difficult to engage staff in education and training in order to update and upgrade their skills within continuous learning approach. Therefore there is a need to innovate new techniques and strategies of skill development to develop human capital in SME's.

scholarly journals A Probe into the Oriented Management Mode of "Human Resource Return"

2020 ◽  
Vol 4 (1) ◽  
pp. 29
Author(s):  
Fan Shi
Keyword(s):  
Human Capital ◽  
Human Resource ◽  
Capital Investment ◽  
Human Capital Investment ◽  
Education And Training ◽  
Management Mode ◽  
Present Stage ◽  
And Training

At the present stage, each big enterprise bases itself on the human resource inside the enterprise, increases the human capital investment one after another, pays attention to the human capital investment and the talented person education and training. This paper analyzes how the return on human capital investment is realized in the enterprise and how the enterprise realizes the highest return on human capital investment.

A Century of Human Capital by Education and Training.

1990 ◽  
Vol 43 (4) ◽  
pp. 769
Author(s):  
Roderick Floud ◽  
August C. Bolino
Keyword(s):  
Human Capital ◽  
Education And Training ◽  
And Training

scholarly journals Human Capital in Azerbaijan: Building Competitive Workforce Capacity for Industry 4.0

2021 ◽  
Vol 5 (2) ◽  
pp. 58-69
Author(s):  
Latif Zeynalli
Keyword(s):  
Higher Education ◽  
Human Capital ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Education And Training ◽  
Major Effect ◽  
Scientific Discussion ◽  
Progressive Reforms ◽  
Innovation Space ◽  
And Training

Human capital is one of the country’s most significant economic metrics. Today, of course, the advancement of technology, the production of inventions, is a result of the human brain. It, in effect, naturally happens in countries with highly evolved human capital. This paper summarizes the arguments and counterarguments within the scientific discussion on the issue priorities of human capital development in Azerbaijan during the industrial revolution. The main purpose of the research is to identify and encourage the improvements in Industry 4.0 in Azerbaijan that would be essential for human capital, as well as to suggest a sustainable workplace outlook for current manufacturing businesses during the modern industrial revolution. The relevance of this scientific problem decision is that given the formation of new mechanisms of development on the eve of the 4th Industrial Revolution, these factors also have an impact on the development of human capital. Because the emergence of new professions during the 4th industrial revolution makes it necessary to form human capital in accordance with these professions. Investigation of the topic in the paper is carried out in the following logical sequence: introducton, literature review, research methodology, empirical findings and conclusions. We used some indicators expressed in the 2008-2017 Global Competitiveness Report of the Azerbaijan World Economic Forum to assess the findings. The object of research is the chosen country is Azerbaijan, because namely here, the development of human capital is one of the main goals of public policy. The paper presents the results of an empirical analysis regression, which showed that regression outcomes show that independent variables can explain 63.2 percent of the heterogeneity in higher education and training in Azerbaijan. Calculations of parameters indicate that any change of 1 percent in the independent variable will increase by 0.341 percent. The results of the study suggest that progressive reforms in Azerbaijan’s higher education and training have had a major effect. To meet the requirements of the Fourth Industrial Revolution, spending on human capital must be increased. The results of the research can be useful for in the direction of formation of competitive human capital and creation of modern innovation space in the coming years.

Education and training benefiting a career as entrepreneur

2015 ◽  
Vol 7 (3) ◽  
pp. 321-343 ◽  
Author(s):  
Maryam Cheraghi ◽  
Thomas Schøtt
Keyword(s):  
Human Capital ◽  
Education And Training ◽  
Gender Effects ◽  
Formal Schooling ◽  
Gender Gaps ◽  
Content Type ◽  
Micro Level ◽  
Entrepreneurial Training ◽  
And Training ◽  
Career Phases

Purpose – The purpose of this study is to account for gender gaps owing to a lack of education and training. Gender gaps pervade human activity. But little is known about forces reshaping gaps across career phases, from education to running a business. Such gaps may accumulate over one’s entrepreneurial career and widen or narrow due both to environmental forces that reconfigure the gap across career phases and to the gendering of competencies and benefits from education and training. Design/methodology/approach – A representative sample of 110,689 adults around the world was surveyed in the Global Entrepreneurship Monitor. Gender-related effects were ascertained by odds ratios estimated by hierarchical modelling, controlling for country and attributes of individuals. Findings – Education and entrepreneurial training, both during and after formal schooling, are highly beneficial in developing competencies and during career phases – i.e. intending to start a business, starting a business, and running a business. Early gaps in human capital are reproduced as gaps in careers, and continuous disadvantages in the environment repeatedly widen gaps throughout a person’s entrepreneurial career. That said, gender gaps are reduced slightly over time as women gain greater benefit from training than men. Research limitations/implications – The cumulative effects of early gender gaps in education and training call for research on gendered learning, and recurrent gender effects across career phases call for research on gendering in micro-level contexts such as networks and macro-level contexts such as institutions. Practical implications – Understanding the gendering of human capital and careers has implications for policy and education aimed at developing human resources, especially for mobilising women. The finding that women gain greater benefit than men from training is informative for policies that foster gender equality and empower women pursuing careers. Originality/value – Conceptualising the entrepreneurial career as a sequence of several stages enables the assessment of gender gaps owing to initial disadvantages in education and to recurrent disadvantages on the career path.

scholarly journals SUSTAINABILITY FOR MALAYSIAN TVET

2018 ◽  
Vol 2 (1) ◽  
pp. 47
Author(s):  
Khairul Azhar Jamaludin ◽  
Norlidah Alias ◽  
Dorothy DeWitt
Keyword(s):  
Human Capital ◽  
Vocational Education ◽  
Education And Training ◽  
Employability Skills ◽  
Vocational Education And Training ◽  
Technical Knowledge ◽  
Skilled Workers ◽  
Education Platform ◽  
Near Future ◽  
And Training

Developing human capital through education is very important for Malaysia. Technical and Vocational Education and Training (TVET) is one of education lines that is aimed to produce skilled workers for our country. This education platform is hoped not only to develop students’ academic and technical knowledge, but also to help students acquire high employability skills. Thus, the purpose of this article is to discuss the sustainability for Malaysian TVET as one of its aspirations is to produce more skilled workers for our country, in near future.

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