The aim of this article is to present the summary the worth, which a human capital manage create in the organization of knowledge. The paper describes human capital and knowledge, which is connected with people, who represent of that capital and with an human education. The last part contain examples, describes a practical using of knowledge in the manage.
This paper presents different definitions of human capital in the Polish and foreign literature. It also tries to explain the basic elements of structure of human capital. Moreover, the differences and the link between understanding a ‘human capital’ by scientists and managers of firms is presented. The object of study was the medium and large-sized construction enterprises from the Podlaskie voivodship. The empirical research shows that there aren’t a lot of differences which the definition of human capital is explained by between managers of firms. The most important qualities of managers are education, experience, knowledge, motivation and commitment. However, the research reveals the lack of these important managerial features in construction companies
The article analyses the influence of the proportional (linear) and progressive (incremental) personal income tax regimes on the accumulation of human capital. Two models of tax payers' behaviour were used: life cycle model and the model of overlapping generations. Each taxation regime affects the accumulation of human capital in a different way, depending on the model taken into account. In the life cycle model accumulation of human capital is enhanced under conditions of the linear tax system while in the overlapping generations model the progressive taxation seems to be more efficient.
The article deals with topics of personal mastery and the choice of professional career. The latter is considered here not only in terms of work results, but also as the effect of knowing oneself - the ultimate outcome of prior actions (previous acquiring of qualifications) or the process of accumulating experience during professional activity in defined organizations, which makes it possible to define all the acts of professionally active individuals as a professional career. Thus, a career makes reference to the course of a person's professional life and signifies his or her employment history from the moment of selection and commencement of work up to the retirement.
The article presents the most important issues on the role of the small and medium enterprises (SME) in a national economy, which made it necessary to explain the nature and definition of the SME. The advantages and disadvantages of this type of enterprises were presented. Another aspect discussed in the article is the human capital in the SME. The conclusions include the proposals of new trends in further research into SME.
Accumulation of human capital is one of the major determinants of economic growth. In the last decades, theoretical and empirical literature has analysed this issue at regional level, providing interesting results. The analysis focuses on 35 regions of the Visegrad Group (NUTS 2 level) in 2002-2009 and is based on Eurostat Regional Statistics. The objective was to compare competitiveness and human capital intensity in the Visegrad Group regions, verify the existence of correlation and thus potential human capital growth effects. The analysis comprised two groups of indicators: measures of competitive position and human capital education indicators, as measures of competitive ability. The results showed that there have been and continue to be substantial differences among the regions as regards competitiveness and human capital. According to the correlation results, one can suppose - following the research assumptions - that human capital could have positive impact on regional competitiveness in the Visegrad countries in 2002-2009. However, one cannot forget that the relation between wealth and human capital can be reverse. Level of wealth and structure of the regional/local economy could affect the level and quality of human capital. Regardless of this, in the case of Visegrad Group regions, further econometrical research is still needed.
The purpose of this article is to provide empirical quantitative evidence concerning the relationship between human capital (embodied in business owner), investments and performance of SMEs. The article provides analysis of the key findings of the survey which was conducted (in 2009) among 1346 small and medium sized enterprises in the private sector in Poland. The findings highlight the important role played by human capital in investment activity. Human capital has also positive effect on performance of SMEs. The results should be of interest to economic policy makers and bankers.
Employees' diversity, if properly managed, can be a source of success and incommensurable benefits for an organization. The article defines the concepts of diversity and identity. Moreover, the paper discusses diversity management nature , its objectives as well as enumerates its advantages.
The fixed employment for an indefinite term previously typical of industrial society (bolstered by various privileges and safeguards) has been declining in the last decade or two. There has been an unstoppable spread by various forms of atypical employment, ranging from agency labour to remote working at back-up offices in the Third World. The article places atypical work within the conceptual frames of the new institutional school, emphasizing the diminishing human-capital specificity in employment relations. The 'loosening' of work - the decomposition in time and space of concentrated factory work - is a change comparable in importance to the appearance of the factory system. 'Loosened' work is a logical consequence of the development patterns in the knowledge economy. According to the logic of information technology, modules making up production processes (like the cells of economic organizations) gain independence; each leads a life of its own, with infinite combinatory possibilities opening up. The same trend appears in the work field, where firm, tied, static, 'safe' forms become changeable, 'fluid', dynamic and uncertain. This gives a boost to the knowledge economy, as nomadic employees take their expertise with them from one project, economic unit, country or region to the next. The other side of the coin, however, is that employees (other than key personnel with the fundamental competencies) become interchangeable, disposable, recallable and transferable - in a word, insecure.
Technology and adoption of technology have been important subjects of research in the literature of economic growth in recent years. Sources of technical progress might be domestic or/and international though there always exists believes amongst economic professionals that there is an important difference between developed and less developed countries, i.e. the first one innovates and exports technology while the second one imports and copies. But it is important to stress that these countries also need to care about their human capital which might be the key factor that determines whether a country, given their level of development, can take off or might fall into proverty trap.In their recent work, Bruno, Le Van and Masquin (2005) point out the conditions under which a less developed country can optimally decide to either concentrate their whole resources on physical capital accumulation or spend a portion of their national wealth to import technological capital. These conditions are related to the nation's stage of development which consists of level of wealth and endowment of human capital and thresholds at which the nation might switch to another stage of development. However, in their model, the role of education that contributes to accumulation of human capital and efficient use of technological capital is not fully explored. In this paper the authors extend their model by introducing an educational sector with which the developing country would invest in to train more skilled labor. They show that the country once reaches a critical value of wealth will have to consider the import of new technology. But when the level of wealth passes this value it is always optimal for the country to use new technology which requires high skilled workers. They show further that with possibility of investment in human capital and given 'good' conditions on the qualities of the new technology, production process, and/or the number of skilled workers there exists alternatives for the country either to purchase new technology and spend money in training high skilled labor or only purchase new technology but not to spend on formation of labor. Following this direction, the authors can determine the level of wealth at which the decision to invest in training and education has to be made. In the whole, the paper allows to determine the optimal share of the country's investment in physical capital, new technology capital and human capital formation in the long-run growth path. Two main results can be pointed out: (1) the richer a country is, the more money will be invested in new technology and training and education, (2) and more interestingly, the share of investment in human capital will increase with the wealth while the one for physical and new technology capitals will decrease. The paper is organized as follows. Section 2 presents the model and its dynamic properties with infinitely lived representative consumer. Section 3 presents empirical data from Poland, Hungary and Czech Republic which seem to confirm authors' theoretical results.
This paper addresses the changes in behaviour and situation of the households during the transition period. It emphasizes the processes of differentiation that were manifested in every singly family, and eventually lead to the changes in the processes of adaptation. Theoretical approach toward the stratification is accompanied with an analysis of the income differentiation of households, which has evolved and partially stabilized during the transition period.
The analysis of the results of externally evaluated school tests in Poland leads to rather surprising conclusions. The educational gap between urban and rural areas is smaller than expected. In turn, one can observe significant differences in educational quality among the historically defined districts of Poland. Those differences tend to be stronger within rural areas than between cities. In general the average test scores achieved in Western and Northern Poland are lower than those of students in former Galicia and Kongresówka. The model presented in this article shows that family education is the major determinant of local educational quality. The importance of this factor is higher in urban environment than in rural areas, where school achievements are also influenced by the accessibility of school resources. The regional differentiation of educational quality may be in part explained by high unemployment and social pathologies in the areas that suffered from the collapse of large state owned farms in early 90's. However, even with corresponding variables included in the model, most of the interregional gap in school achievements remains unexplained, leaving open field for further research.
The paper looks at the impact of over-education and under-education on earnings in Hungary over the period 1994-2002, using a large set of cross-section data representative of employees. Schooling was measured in years of education, while required education was proxied by modal years of education in occupations, and the difference between employees' observed education and the modal education of their occupation allowed them to be classified as under-educated, over-educated or educated as required. The standard results were gained. 1. An extra year of required education and over-education yields positive and an extra year of under-education negative wage premiums. 2. The economic return on required education is higher than on over-education. 3. The penalty for under-education is smaller than the return on required education. Rising demand for educated workers and increases in higher-education supply were seen over the period. Initially, supply seems to have been rather inelastic, which brought rising wage premiums for the over-educated. Then it gained elasticity, leading to higher economic returns on required education. The proportion of over-ucated workers increased from 11 per cent in 1994 to 24 per cent in 2002.
The aim of the article is to present the reflections on the role of trust in the context of human capital management as well as to point to the positive and negative aspects of trust, which influence the functional areas of an organization as well as the business processes occurring in the practice of management.
Educational diagnostics may be defined as the theory and practice of recognizing context, progress, and outcomes of learning. It is a relatively new branch of knowledge still searching for a cardinal scientific paradigm: informal or standardized, dealing with class disruptions or monitoring student development. Labor market as the place for selling and buying jobs and vocational positions constitutes a far-reaching target for education. Graduates from schools and colleges bring there their human capital, containing competences, knowledge, experiences, skills and similar assets. Taxonomies of educational goals – emotional, world-view, cognitive, and psychomotor – put the elements of human capital in the following order: (1) motivational domain, (2) moral domain, (3) experiential domain (4) physical domain. With this approach human capital becomes a learning task for students and their ability to learn gained in education becomes the most important manpower characteristics.
The inhabitants of rural areas account for nearly 39% of the population of Poland. Because of the age structure and favourable reproduction factors, the demographic resources of villages form an important part of the total human capital of Poland. Every possible effort should be launched to make the most profitable use of these resources. The main form of the process of activation should be the multifunctional development of rural areas.
The approaches to the assessment of the world countries readiness to transition to economy of knowledge are analyzed. Influence of higher education on formation of the human capital of the state and regional levels is described. The key activities of high schools aimed at creating necessary conditions for the human capital formation and preventing of its losses at the state and regional levels are studied. The innovative character of higher education development is stressed. The equal access to the education is considered as improvement of human capital of the state and the regions. The continuous education is a way to create the human capital in different age groups. The quality of the education is determined as basis of profitable investments in human capital. The features of staff quality improvement and its connection with the results of research activity are studied. The realization of the State program of integration of science and education at universities for 2008-2012 'Science at universities' is analysed.
The features of separate sectors and objects of informative market are examined, their role is determined in forming of market relations and informative providing of innovative vector of the modern stage of development of economy, on which a leading role is played by a human capital. Examined expense aspect of informative products in of electronic kind and feature of its moving toward an user. Priority influence of high-quality descriptions of objects of informative market is marked on demand. Interdependence of development of separate sectors of market is examined.
This paper contributes to the current body of knowledge regarding prospect theory parameter testing in the business domain. The aim of this research was threefold. First, the methodology of Tversky and Kahneman (1992) was used to extract parameters for risk aversion, loss aversion and weighting function from a sample of entrepreneurs. Second, differences in the prospect theory parameters dependent on the business performance were examined. Third, differences in risk preferences based on human capital investments, thus education and parental entrepreneurial background, were tested. Findings showed that entrepreneurs are risk-seeking, have quite low loss aversion and an average ability to estimate probabilities. It was shown that entrepreneurs with a university degree have higher ability to estimate probabilities than entrepreneurs without university education. Regarding business performance, it was shown that entrepreneurs in the stabilization phase were the most risk-seeking, which contradictory to the reflection effect is proposed by Fiegenbaum and Thomas (1988). Results of this research suggest that entrepreneurs differ from other high-achieving individuals in their attitude toward loss rather than risk-seeking attitude.
For a long time the rural community had not been able to ensure education to its own members and to create a sufficiently attractive offer for those of its few members who had managed to become well educated. This situation did not change even during the early period of People's Poland when masses of young people from rural areas were given a chance to raise their social status or in the later years when the children of peasants and workers were ensured privileges in access to university education by means of a system designed to eliminate significant inequalities in the educational chances of various social groups. It is not surprising then that throughout the post-war period (until the year 2000) the rural community had a negative migration balance and that young people constituted the category of the most frequently migrating inhabitants of the rural areas. According to the results of various analyses, such migrations resulted in the outflow of talented and active people who did not see any prospects for a better future in the countryside and could not accept the conditions prevailing there. In the result of these and many other processes the Polish rural community was in a deep crisis at the time of the change of the political and economic system in Poland. The rural community is generally considered to be a serious barrier hampering the transformation process. The need for changes in the rural areas does not evoke any serious reservations at present. These areas require the introduction of essential changes from without and from within, the latter being immanent changes that have its source in the local community itself. The changes from within are particularly important since they release in a natural way human capital hidden in the rural areas. However, to make this capital work people able to shoulder the process of the rural population's activation are needed. It seems that rural intelligentsia has a particularly great role to play in this respect. Who are the people forming this group? What is their place in the structure of the rural community? What does their material situation look like? What were the circumstances that made them settle in the countryside? Do they feel to be a part of the rural community? This paper represents an attempt at providing answers to these questions.
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