1. Downsizing and its effects
... capital refers to the productive capabilities of individuals - that is, the knowledge, skills, and experience that have economic value (Noe, Hollenbeck, Gerhart, Wright, 2003). Human Capital often refers to formal educational attainment, with the implication that education is investment with returns in the form of wage, salary, or other compensation. These are normally measured and conceived of as private returns to ... 247-276. Wright, Patrick M., Dunford, Benjamin B. and Snell, Scott A. (2001) Human resources and the resource based view of the firm, Journal of Management, Volume 27, I...
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