Master : Finance, audit and management

control

Made by :   Professor :

    Monim Abouabdellah M. Mamdouh Tlatty

    El Mehdi El Masoudy

    Hamza Atide
    Salma Elghaib
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Human capital
 Plan
I) Definition of the human capital

II) Role of the human capital in the society

III) Importance of the human ressources in the

company

IV) Human resources management

V) General conclusion 3
 Definition :
- Human Capital is a measure of the skills, education,
capacity and attributes of labour which influence their
productive capacity and earning potential.
- According to the OECD, human capital is defined as:
“the knowledge, skills, competencies and other
attributes embodied in individuals or groups of
individuals acquired during their life and used to
produce goods, services or ideas in market
circumstances”.

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 In relation with financial capital, the human
capital considerates the work of a person as an
investment.

 Known also as the immaterial capital, the company

should its workers as talents and not just ressources
to use.

 The human capital as a term can be used to qualify

the human resources of an enterprise.
“

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2)Human capital and the economic development
Factors that determine the economic development

Natural Resources capital

physical capital

Social and political capital

Technological Resources

Human capital
- American Theodore Schultz , In a paper that
appeared in 1961, he observed that « economists
have a long known that people are the
important part of the wealth of nations ».
 Human capital has a crucial role in economic
development.
 the major objectives of economic development is improving health
and education to improve live standards.

It follows that, for economic development to be achieved there should

be an expansion of human capabilities by improving the skills,
education and experience which are critical for the economic
development of a country.
How to increase human capital in the country?

Education

Living Vocational
conditions Training
 3) Human capital in the company

- The human capital is the most important asset

that any company has.
- In order to grow and prosper, the company must
research and innovate new methodes to build a
strong human capital, capable of defying the
business difficulties.
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Factors that determine human capital in the company :

 Skills and qualifications

 Education levels
 Work experience
 Social skills – communication
 Intelligence
 Personality
 Creativity
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 4) Human resources management
- It is defined as the art of procuring, developing and
maintaining competent workforce to achieve the goals of an
organization in an effective and efficient manner.

• Policy is a formal statement of a

HR Policies principle which all members of an
organization are bound to follow.

• A Procedure tells the members of

Procedures the organization how to
implement policy.
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 Importance of HR policies :

 Human resource policies help managers to ensure that people

management is in line with corporate values ;
 Ensuring that human resource management decisions are made
consistently ;
 To minimize inequality in the treatment of employees ;

 Facilitate decentralization, delegation and local empowerment.

Human resource management policies :

Employee Payroll
Benefits

Employme Employee
nt policies Conduct
Policie
s
 General conclusions

Human capital leads to

economic and social
development.

The government has a huge role

in developing the human capital.

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 Regarding the big importance of human
resources in the company, it was crucial to set up a
system of management.
This system changed trough years and became
more concerned with the human rights and the
factors that influence the humans to be more
effective.

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 That’s all !

Thank you for your attention

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