The role of human capital development in the era of globalization, knowledge-based economy, and technological development cannot be underestimated. This is mainly attached to the creative and adaptive capacity of human capital (HC) in bringing multidimensional changes and developments for the individual, organization, and the country at large.…

Education research and employer surveys reveal that the skill gap in the United States spans across the realms of academic foundations, industry qualifications and technical competencies, higher-order cognitive skills, and behavioral skills and values. The purpose of this investigation was to identify key components of the two theoretical models…

Human Capital development through education is a long time investment made by the state to enhance the well being of her citizenry. By investing in education, well educated individuals bring to bear their talents, knowledge, skills and experiences as they function in the various sectors of the economy. Human Capital development is therefore a…

The destiny of any nation begins in its classroom where young people are equipped with knowledge and skills to lead the nation. Higher education is the corner stone in development where the work force is trained to lead the social, economic, political and cultural change. In such a competitive global economy the human capital is the most valuable…

We discuss how economic theory has analyzed the effects of being GLBT (Gay, Lesbian, Bisexual or Transgender). We find that economics has focused on finding earnings differentials between GLBT and heterosexuals. The issue is, however, whether the standard analytical techniques available in economics, can be applied to sexual minorities. A number…

This study explores the corporate university (CU) phenomenon based on human capital theory through a comprehensive review of literatures in economics and HRD (human resource development). Different from existing CU literature, the study found that, as HRD operational entities, CUs and traditional universities are rooted in different skills…

The higher education in Nigeria has witnessed a tremendous growth in the last 50 years in terms of producing manpower that could bring about development. However, the problem of Nigeria today is not about human and natural resources, but how to translate the human potentials to meet the realization of its all round development and sustain economic…

Trade and economic viability are becoming increasingly important in all countries around the world. As a result, Human Resource Development (HRD) is becoming an integral part of a country's ability to sustain development and it is evident that many countries outside of the United States are integrating HRD as part of their national policy (NHRD).…

The challenges for TVET today is to re-orient and redirect its curricula to imbue trainers and trainees on sustainable use of resources to enhance appropriate work skill development as new and employment opportunities emerge such as recycling, ICT, repair, waste management, etc. This paper is therefore focused on the effective utilization of ICT…

This study explores opportunity costs of postsecondary education in the U.S. in the past three decades. Based on human capital theory, data from the U.S. Census, along with parameters for high education achievement (involving bachelors and advanced degrees), were fed into a forecasting model developed for this purpose. Beyond descriptive…

Human Resource Management is a branch of an organization which recruits and develops personnel to promote the organization's objectives. Human Resource Management involves interviewing applicants, training staff, and employee retention. Compensation, benefits, employee/labor relations, health, safety, and security issues are a few of the aspects…

Despite economic theory postulating that increases in investment in human capital and physical capital leads to increase in economic growth, in the Kenyan case, this has not been true. This paper empirically examines the contribution of human capital and physical capital to economic growth in Kenya. Measures to be undertaken by higher education…

Human Resource Development (HRD) programs are faced with overwhelming challenges as there is a dearth of computer literate employees to meet the growing demands of the workplace. In other words, many employees are technologically and computer challenged thus impeding the instruction and learning process. Innovative organizations utilize computer…

This paper summarizes a larger study conducted to create a theory of human capital transformation through HRD. The paper describes the problem, explains what human capital transformation is, and then presents the findings of the study. The two major findings are: 1) the process of conceptual development (part of theory building research) consists…

In this paper, continuing professional education (CPE) is linked to human capital theory. Since human capital theory does not explicitly focus on CPE but does provide important insights on training evaluation, we discuss the differences between CPE and training. We review the main insights on training evaluation and discuss the implications for…