Human Resources
Human resources describe the human work effort, both physical and mental, used in the production of goods and services. Human resources are one of the three basic productive resources: natural, human, and capital.
Human resources, like the other productive resources, are considered scarce. That is, human resources are not freely available in unlimited quantities. This is why producers must pay wages and salaries to obtain the human resources they need to produce goods and services.
Not all human resources are equally valuable to producers. Some workers are not highly skilled (i.e. are less scarce) compared to others, and do not earn as high a wage. Very skilled and educated workers are typically very productive, and, therefore, are highly valued by employers. These workers usually command a high wage/salary. Examples would be a star athlete or brain surgeon. Workers who possess significant skills due to education and training are said to have high levels of human capital.
It takes discipline and hard work to develop human capital. To do so often means investing one's time and savings in education and training courses. But the result is a reasonable expectation of higher income and usually a more interesting job.
http://hr.toolbox.com/blogs/search-for-mutual-success/human-resources-a-life-values-game-for-kids-who-care-37906
Human resources, like the other productive resources, are considered scarce. That is, human resources are not freely available in unlimited quantities. This is why producers must pay wages and salaries to obtain the human resources they need to produce goods and services.
Not all human resources are equally valuable to producers. Some workers are not highly skilled (i.e. are less scarce) compared to others, and do not earn as high a wage. Very skilled and educated workers are typically very productive, and, therefore, are highly valued by employers. These workers usually command a high wage/salary. Examples would be a star athlete or brain surgeon. Workers who possess significant skills due to education and training are said to have high levels of human capital.
It takes discipline and hard work to develop human capital. To do so often means investing one's time and savings in education and training courses. But the result is a reasonable expectation of higher income and usually a more interesting job.
http://hr.toolbox.com/blogs/search-for-mutual-success/human-resources-a-life-values-game-for-kids-who-care-37906