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Human capital
Human Capital – A new macroeconomic measure with of PISA and PIAAC
Despite its fundamental role in modern economic growth theory, empirical work has struggled to find a satisfactory representation of human capital to explain macroeconomic variables. Traditionally, empirical work has used quantity-based measures (such as mean years of schooling), although there has been increasing recognition of the need to incorporate a ‘quality’ dimension (often based on … Continue reading
Human Capital as an Asset – Seven guiding principles to shift how human capital is valued
The World Economic Forum, in collaboration with Willis Towers Watson, has published a new white paper, Human Capital as an Asset: An Accounting Framework for to Reset the Value of Talent in the New World of Work, to provide organizations with a model to reshape human capital accounting. The framework will enable a company to … Continue reading
COVID and Human-Capital – The negative effects of unemployment on it is extensive
Workers experiencing unemployment in a downturn can be permanently scarred. They are less able to form durable attachments with employers and more likely to experience additional episodes of joblessness. Their wages tend to be lower, not just in the immediate aftermath of the event, but for decades, even over their entire working lifetimes. Lower wages … Continue reading
The Future of Work – Investing in human capital must be a priority says the World Development Report 2019
The World Development Report (WDR) 2019: The Changing Nature of Work studies how the nature of work is changing as a result of advances in technology today. Fears that robots will take away jobs from people have dominated the discussion over the future of work, but the World Development Report 2019 finds that on balance … Continue reading
HR – CEOs’ selected strategies for meeting the Human Capital challenge
CEOs know that meeting their most urgent business growth challenges is inextricably linked to the strength of their human capital base. Effective use of human capital resources remains a critical issue for our respondents, and their strategies to improve productivity center on developing talent from within, improving leadership skills and pipeline, and building a performance … Continue reading
Immigrants in Canada – Language at landing is one of the most important variables in predicting earnings in the short term, but less as time past
While an extensive literature examines the association between immigrants’ characteristics and their earnings in Canada, there is a lack of knowledge regarding the relative importance of various human capital factors, such as language, work experience and education when predicting the earnings of economic immigrants. The decline in immigrant earnings since the 1980s, which was concentrated … Continue reading
Human Capital and Labour Productivity in Canada – HC contribution to productivity growth is substantial
“The good fortune of bountiful natural resources is not enough to ensure rising incomes for Canadians in the long term. Growing labour productivity is the most important determinant of future economic welfare and on that measure, Canada is falling behind its major trading partners.” writes Serge Coulombe in Lagging Behind: Productivity and the Good Fortune … Continue reading
The 10 trends in the 2015 Global Human Capital Trends report
Global organizations today navigate a “new world of work”—one that requires a dramatic change in strategies for leadership, talent, and human resources. More than 3,300 organizations from 106 countries contributed to Deloitte’s Global Human Capital Trends 2015 survey, assessing the importance of specific talent challenges and their readiness to meet them. This report explores 10 … Continue reading
Human capital doesn’t alone reduces income inequality research finds
Most developing countries have made a great effort to eradicate illiteracy. As a result, the inequality in the distribution of education has been reduced by more than half from 1950 to 2010. However, inequality in the distribution of income has hardly changed. This column presents evidence from a new dataset on human capital inequality. The … Continue reading
Deloitte’s Global Human Capital Trends 2014 – The top findings
To gain insights into the 2014 global human capital trends, Deloitte conducted a survey in the last quarter of 2013 that included 2,532 business and HR leaders in 94 countries. The survey covered the major industries and all of the world’s geographies (survey demographics are summarized in the appendix to this chapter). The goal was to better … Continue reading
Ghana / Improving human capital to get the Demographic Dividend
Discussants at a National Dialogue on Harnessing the Demographic Dividend for Ghana’s Development agree there’s a need for the country to improve the quality of its human capital Continue reading
Human Capital / The quality of labor in rich countries would be about twice as large as the quality in poor countries research finds
The authors measure talent using the observed achievement levels from the Programme for International Student Assessment (PISA) scores. Their findings imply that the quality of labor in rich countries is about twice as large as the quality in poor countries Continue reading
US / Is the Golden Age of Human Capital Over?
It seems that the golden age of human capital is losing its shine. That shine came not just from a high rate of return (both individual and social) on a college degree, but also from a beautiful, if partial, alignment between ideals of human development and the needs of employers. It was a happy alignment, … Continue reading
Russia / Human capital development is the challenge says OECD
To pursue economic growth, Russia must develop its human capital, which requires structural reforms in education, healthcare and pensions. These, in turn, must respond to major trends in service provision, including the increasing role of individual choice, the need to deliver lifelong learning and healthcare, and the risk that Russians will increasingly buy services abroad, … Continue reading
Canada / Human capital trends survey 2013
To build leadership and talent, organizations need to do more than maintain good employee relations: they need to focus on direct organizational benefits that solve business problems. HR is strategic Deloitte’s survey of 1,300 senior business leaders in 59 countries reveals current and emerging human capital trends influencing the future course of talent, HR and … Continue reading
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