Human capital ?? Or just people ??

PeopleFollow that! Rhodri’s inventive column about clichés yesterday reminded me of the adage you want everything to be OK when you’re away, perhaps not so OK that your difference isn’t noted. Many thanks to Rhodri and the rest of gang, i’s “human capital”. What a phrase. According to definition I am reading here, human capital is the “stock of competencies, knowledge, social, personality attributes (including creativity) embodied in the ability to perform labour so as to produce economic capital”. In a recent survey of business leaders, it was ranked way above Trust as No 1 concern for 2013. I really do want to believe this is actually the case, but… In reality, “human capital” is the principal victim of the British recession. Cost-cutting short-termism is kneejerk HR solution to hitting quarterly targets, no matter what line of business employers are in. Graduate and other training programmes were canned long ago; a career development is a misty-eyed memory for many, replaced everywhere you can think of by the temporary contracts for people with exactly same skills, because they are actually same people. All around us, the conundrum of falling unemployment figures while cuts are worsening in both public and private sectors reveals itself daily in the form of more part-time work for people who want and need full-time jobs. Forget the terrible, divisive “strivers and shirkers”, let’s use more human terminology. Call humans “people” and suddenly the human capital becomes people’s skills and takes on a much more profound, poignant meaning. (source: i Editor’s Letter – The Independent, UK – 10/01/2013)


Acerca de ignaciocovelo
Consultor Internacional


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