Human Capital
The collective skills, knowledge and experience of an organisation's people, viewed as an asset.
Human capital is the economic concept that treats a workforce's combined skills, knowledge, experience and abilities as a valuable asset that contributes to organisational success.
Viewing people as capital reinforces the case for investing in recruitment, development and retention rather than seeing staff costs purely as an expense.
The idea underpins much of strategic HR, linking people practices to business performance and long-term value.
