In economics, we usually think of capital as physical assets used to produce goods or services...

In economics, we usually think of capital as physical assets used to produce goods or services (for example, machinery or factories).

But humans also earn capital when they pursue education or training that increases their employability and makes them more valuable to employers. In this week’s video, Nicole Lapin shared her insight into recognizing your own value in the world.

Describing a situation where you (or someone you know) has used their problem solving or agility skills to increase their human capital in order to get a better job or earn more income.

Expert Solution

Human resource or Human Capital in organised sector or Labour in general terms is one of the most important Or contributing factor production in the production or economic cycle.

People possess skills that help them fetch jobs and through continuous learning and upskilling they grow and get better job profiles and experience that eventually makes them ready for the next level.

Same is the story of a guy called Sam. He started his career as a Customer Care Executive and continuously mastered the skill and inclination towards problem solving. He used to apply situational analytics to question the existence of a problem and finding workaround in the least time.

Slowly he grew and acquired title of a problem specialist in the same organisation. He created several white papers and standard operating procedures for the process that helped organisation save clients and money.

He went to attend various problem solving seminar and training and pursued a course in six Sigma that reckons to eliminate errors & mastered problem solving techniques and finally bagged a reputed and highly paying job of a Problem Manager.

The above situation is a perfect example of how human capital well invested can reap rewards & recognitions.

Rahul Sunny answered 2 years ago

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