What are the different models of human capital?

Human capital models usually represent studies on how the company can best use its largest source: employees. Different models are available because few business situations are the same or static in the long run. For example, several types of human capital models include strategic management, simple statistical analysis and empirical studies on the use of human capital. Each provides a different perspective on the use of human capital and investment that the company can do in its overall labor. The latter two models use variables and statistics very much to obtain mathematical understanding of this business. Owners, managers and managers perform deep reviews of all aspects of their company's business processes. By allocation of properly educated and trained workers to specific business activities, the main purpose of human captainal is strategic management models. If the company does not have the right employee, it mayt Need to hire new workers. This process will not stop because companies continue to look for the best competitive advantage using employees and their knowledge, skills and skills.

Simple statistical analysis often focuses on investing in employees in terms of education, training and similar sets of skills. This analysis is often based on the basic economies because the company is most likely looking for a point at which the reducing returns begin. For example, companies can deal with wages and benefits provided within these human capital models. Placing information in the statistical formula provides data on a place where the company no longer receives benefits by spending more money for its workforce. In short, this point represents the dollar limit to try to improve Employee conditions because the company will not be able to add to its current competingadvantage.

Empirical studies of various models of human capital are the most aggressive. Main statistical studies are necessary to determine how different variables affect the labor force of society. The collected data may be internal or external as these studies can use external data to provide trends that eventually mimic the internal human capital of society. A hypothesis is also required to explain the relationship between at least two variables. The information obtained from this model is used only for decision -making purposes, as the study itself cannot decide on its own.