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The stress on 'human resources' as an organizational asset goes back at least to Drucker . This was elaborated in the theory of 'human capital' by Schultz who was concerned to describe the benefits of education as a 'production good' enhancing the economic resources of society, and by others like Becker who argued for the benefits to economic growth of a well-trained workforce. While labour market segmentation theory developed in reaction , human asset accounting in the 1970s applied the capital theory to quantifying investments in people by the organization . This was embraced by some as a way of encouraging humane employment policies, less geared to the short-term . (en) |
