Human Capital
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It pays to be educated

TYLER COWEN links to an interesting blog post from Michael Mandel this morning, which purports to illustrate that cities with knowledge-based economies did...
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A very interesting insight on how much education really matters to the economy as a whole. Based on examples on fast-growing American cities (Raleigh - one of the host-cities of Skema included!) we can see that a high level of human capital finds its reflection in a higher real GDP growth per capital as well as lower unepmloyment rate. 

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Business Circle: Human Capital

Retaining and redefining human and job value is a case in every company. 62 per cent of businesses in Malaysia are finding it hard to source skilled workers....
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With globalization employees become increasingly aware of their self-worth, and that is why money is slowly losing the position of leader when it comes to motivators of work. Nowadays, people want to be noticed within a corporation, they want to be able to share their ideas, visions, dreams and maybe even see them being implemented one day. This is the main driver of growth in corporations such as AirAsia - example shown in this short video. If you communicate with your employees at all levels - the success is within your reach!

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The economy suffers when ‘human capital’ goes to waste

The economy suffers when ‘human capital’ goes to waste | Human Capital | Scoop.it
If we were to sum up Britain’s economic problem in one word, it might well be “productivity”. Relatively low levels of it among the British workforce have depressed economic growth for decades.
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The costs of underuse of the nation's human talent and skills are exorbitant! Even though Britain has put many efforts and investments into forming a well-educated nation, these efforts did not pay off. The mismatch between the skills developed by workforce and those required by the market is enormous and that is why some drastic decisions should be undertaken.

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