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The economic or productive potential of employee knowledge, experience, and actions is referred to as.

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The economic or productive potential of employee knowledge, experience, and actions is referred to as Human capital.

What is Human capital?

Human capital is a term used by social scientists to describe personal characteristics that are seen to be valuable in the manufacturing process. It includes employee knowledge, abilities, and know-how, as well as good health and education.

The various types of human capital

Human capital is classified into three types: knowledge capital, social capital, and emotional capital.

Human capital is a measure of the economic value provided by an employee's knowledge, skills, and abilities. Total human capital costs account for over 70% of a company's operational expenses on average.

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