How to Improve Human Capital?
Which of the following actions is an example of an improvement in human capital?
A. Michelle applies for a job as a mechanical engineer at Honeywell.
B. Marcus hires three workers for his thriving electrical business.
C. Hawk Builders of Phoenix builds two new hospitals.
D. Frank's Furniture trains all of its employees to use computers.
Answer:
D. Frank's Furniture trains all of its employees to use computers.
Human capital refers to the knowledge, skills, and abilities that individuals possess and can contribute to an organization or business. Improving human capital involves investing in the development and training of employees to enhance their capabilities and performance.
In the given scenario, the action of Frank's Furniture training all of its employees to use computers is an example of an improvement in human capital. By providing training on computer skills, Frank's Furniture is equipping its employees with new knowledge and abilities that can enhance their productivity and contribute to the growth of the business.
Training programs like this can help employees stay current with technological advancements, improve efficiency, and adapt to changing job roles. It also shows that the organization values its employees and is committed to helping them develop and grow in their careers.
Investing in human capital through training and development programs is essential for organizations to stay competitive in today's fast-paced business environment. By continuously improving the skills and knowledge of their employees, businesses can ensure they have a talented and capable workforce that can drive innovation and success.