Managing human capital in an era of change

Abstract

This paper explores the impact of Human capital or people assets on the economy and individual earnings especially in an era of change.  Research shows human capital has a strong relationship to both economic growth and productivity.  One of the major elements is education attainment is considered an impetus for strengthening human capital. In this light, investment in education is of great concern to the government.  Findings have shown that an educated workforce especially with a higher degree has a far greater advantage when getting employed and stretching its earning schemes longer than does the same with only a primary education.  As a matter of living, educational level has found to have positive effect on the increase of life expectancy while reducing mortality rate among men than for women. To cope with changes, human capital is regarded as a value-added investment to ensure successful economic strength and social justice.