Investment in human capital is important because it

Question

Quizplus · Accepted Answer

Investment in human capital, such as training and education for employees, can increase their skills and knowledge, leading to improved labor productivity. This can have a positive impact on a company's overall performance and profitability. While improving morale and meeting employee requirements are also important considerations, the primary benefit of investing in human capital is the potential increase in productivity. Lowering the total wage bill may result from increased efficiency, but it is not the main goal of investing in human capital.

Investment in Human Capital Is Important Because It