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Human Capital: Productive Benefits and Labor Competences

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  • Martha G. Ugeuto M.
  • Neyda T Cardozo S.

Abstract

It is widely argued that intangible assets, specifically human capital, are vital to business sustainable growth and differentiation. Thus, extensive research has been conducted on the relationship between human capital, strategy and performance. In this paper, a process to identify the human capital critical competences and to measure their economic benefits/impact is introduced. A total of 40 manufacturers located in San Cristobal-Venezuela were included in this study. From these businesses, 167 lathe/turning machine operators were initially observed and a sample group of sixteen workers across four categories (expert, professional, apprentice and assistant) were analyzed to model their core competences and economic contribution. Evidence suggests that mapping human capital competences with corporate strategies allow businesses to make better decisions in terms of human capital investment, and cost reduction.

Suggested Citation

  • Martha G. Ugeuto M. & Neyda T Cardozo S., 2007. "Human Capital: Productive Benefits and Labor Competences," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 1(1), pages 114-126.
    • Handle: RePEc:ibf:gjbres:v:1:y:2007:i:1:p:114-126
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