In the context of human resource management, human capital refers to the
A) wages, benefits, and other costs incurred in support of HR functions in an organization.
B) cash, equipment, technology, and facilities that an organization uses.
C) tax-deferred value of an employee's 401(k) plan.
D) organization's employees, which add economic value to the company.
E) total budget allocated to the HR department in an organization.

Question

Quizplus · Accepted Answer

Human capital refers to the organization's employees and their skills, knowledge, and abilities that add economic value to the company. It is an important concept in human resource management as it emphasizes the importance of developing and investing in employees as a valuable resource for the organization. Options A, B, C, and E are incorrect as they do not accurately define human capital in human resource management.

In the Context of Human Resource Management, Human Capital Refers