HealthThe health of individuals influences their productivity. As such, a society with a healthy lifestyle, high quality of life and good healthcare system may be more productive.
Situational KnowledgeKnowledge that is highly contextual. For example, a farmer who knows that a particular field has an unusual good terroir for grapes.Systems thinking is the ability to identify and analyze broad end-to-end impacts of actions. beyond the obvious to identify valuable ideas that elude others.Social capital is the goodwill, fellowship and cooperation that exists in a society or organization that allows people to work productively as a group. For example, shared language, norms and manners. Cultural capital is the ability to influence within the context of a culture.influence and motivate groups to achieve common goals.
Strategic ThinkingDeveloping plans that achieve goals in a competitive and constrained environment.quality and timely decisions in an environment of change and uncertainty.
Problem SolvingFinding reasonable solutions to problems including the ability to determine the root cause of a problem.
ResearchResearch related skills such as information discovery, analysis and experimentation.accountability and responsibility before more selfish urges.
Human Capital vs TalentThe term human capital is somewhat contentious as people don't like to be compared to other types of capital such as money, land and machines. For example, human capital was voted the German Un-word of the Year in 2004 for being a degrading term that views people as financial assets.Historically, human work was referred to as labor by economists and not as capital. Human capital emerged to describe the vast differences in productivity between nations, organizations and individuals that make "labor" a poor description. People may prefer their productive capacity to be described with words such as talent or ability. Well received synonyms of human capital include human resources, knowledge capital, creative capacity, productive capacity, skilled labor and talent pool.
|Overview: Human Capital|
The productive capacity of labor.