Relational capital is the value of relationships. These are often cultivated and maintained by your employees such that they are likely to leave with the employee. As such, relationships can be considered a type of human capital.Human capital is a potent way to explain the difference in productivity rates between one country or one firm to the next. Productivity is the amount of value a person creates in an hour, month or year and is the basis for a high standard of living. Workers with talents and knowledge have more productive potential such that governments can invest in things like education, health and quality of life to improve their long term economic production. Human capital is a useful concept but it is an unfortunate term as people don't like to be compared to other capital such as machines. This can be accused of capitalist realism whereby all things human are coldly reduced to financial metrics. The potential of a human is a wondrous thing that is beyond measurement.Communist systems waste human capital at great scale by allowing the state to direct all capital. For example, a talented entrepreneur can't emerge in an environment where the state and its associated companies control all economic resources.It is ridiculous to think that firms can measure human capital in terms of investments in training. The talent of your employees will not change much with a training session. It is the firms with that capacity to recruit unusually talented individuals that have a human capital advantage, not those that conduct the most training sessions. Working conditions and quality of life improve human capital. For example, employees who are struggling with a lack of healthcare aren't likely to be productive.Public services such as schools, universities, hospitals and transportation are a primary way for nations to increase human capital. If people can get a low cost, high quality education -- this is fundamentally going to increase human capital.
Agents of Change
Attention to Detail
Capacity for Calculated Risk Taking
Capacity for Problem Solving
Honesty & Integrity