Differentiate human capital from tangible forms of capital

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Assignment:

Subject human resources development busm2022. exam question: Stakeholder perspectives on HRD

- Answer both questions.

Q1 i) Read the quote below by Gary S Becker and answer the question that follows: 'To most people, capital means a bank account, a hundred shares of IBM stock, assembly lines, or steel plants in the Chicago area. These are all forms of capital in the sense that they are assets that yield income and other useful outputs over long periods of time. But such tangible forms of capital are not the only type of capital'. Gary S Becker. How does Becker differentiate human capital from tangible forms of capital? Discuss three ways Human Capital Theory impacted management thinking about training and developing workers?

Q2 ii) 'It is difficult to argue against the merits of training and development' (Grugulis 2019, p.151 -. According to Grugulis, why do all stakeholders agree that that training and development is beneficial? Outline the benefits stakeholders gain from workplace training and development (provide at least two benefits for each stakeholder group). The question will ask about planning and carrying out training and development in the workplace. You may be asked about any of the following processes: Needs analysis Training design Training implementation Evaluation.

Reference no: EM133612024

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