9. How valuable are you – human capital

Lead:

In modern society, hard work is no longer the best way to work, what you need to do is to improve your human capital, that is, work experience, work skills and work skills, etc. Therefore, in the course of engaging in various activities, we should develop and improve our own intellectual, physical, and moral qualities in various forms, with a view to forming a higher productive capacity. What we call "recharging" in our daily life is a way to make ourselves have a higher human capital, and of course, we can also increase our human capital by accumulating work experience.

Zhang Jie went to a company to interview for a job in sales, this is his fourth interview this month, and he has been miserable because he has been looking for a job since graduation, but so far he has found nothing.

During the interview, the interviewer asked him, "What are your greatest strengths and weaknesses?" ”

Zhang Jie replied: "My biggest advantage is that I love to use my brain and often think about things, and my hands-on ability is very good, I invented several technologies and obtained patents when I was in school; The biggest disadvantage is that I am not very eloquent, and I have a hard time communicating with people......"

Before Zhang Jie could finish speaking, the interviewer interrupted him: "Are you sure you're here to interview for a sales position?" ”

"Yes, I'm sure."

"In view of your advantages just mentioned, we don't think you are suitable for a job in sales, maybe you can work in the company's technology research and development center, what do you think?"

A week later, Zhang Jie officially went to work as a technician. Zhang Jie is really a genius in R&D technology, and after a few months, Zhang Jie performed very well, and the company is developing better and better.

In this interview, the interviewer found that Zhang Jie's value is not in sales, but in technology research and development. So, the company arranged a position for Zhang Jie that was most suitable for him, and it turned out that the interviewer's judgment was correct. So, in the workplace, what do we rely on to measure a person's worth? This brings us to the concept of human capital in economics.

Human capital refers to the accumulation of knowledge and skills acquired by workers through investment in education, training, practical experience, migration, health care, etc. Because this knowledge and skills can generate benefits such as wages for their owners, a specific type of capital is formed - human capital. Human capital theory mainly includes four aspects:

(1) Human resources are the most important resources among all resources, and human capital theory is the core issue of economics.

(2) In economic growth, the role of human capital is greater than that of physical capital. Investment in human capital is proportional to national income and is growing faster than material resources.

(3) The core of human capital is to improve the quality of the population, and investment in education is the main part of human investment. The reproduction of human capital should not be seen as a mere consumption, but as an investment, the economic benefits of which are far greater than those of material investment. Education is the most basic and major means of improving human capital, so human investment can also be regarded as an investment in education. Human resources, one of the three elements of productivity, can obviously be further broken down into human resources with different levels of technical knowledge. The output of highly skilled workers is significantly higher than that of low-skilled workers.

(4) Investment in education should be based on market supply and demand, and the fluctuation of human price should be used as a measurement symbol. Human capital has greater value-added space than hard capital such as material and currency, especially in today's era of knowledge economy, human capital will have greater value-added potential. Because human capital, as "living capital", is innovative and creative, investment in human capital can bring benefits to oneself far more than increasing labor intensity.

For example, A and B are both in the same company as sales. A is more flexible, and often participates in some meetings and study classes after work. In these activities, A not only broadened his network, but also broadened his horizons. A's sales skills have improved significantly in the process, so A's salary has also increased significantly.

B is different, he feels that only high-intensity work can bring benefits. So, he worked hard every day, looking for customers on the street like a headless fly every day, but his diligence only made him busier and poorer.

This tells us that in modern society, hard work is no longer the best way to work, what you need to do is to improve your human capital, that is, work experience, work skills and work skills.

Therefore, in the course of engaging in various activities, we should develop and improve our own intellectual, physical, and moral qualities in various forms, with a view to forming a higher productive capacity. What we call "recharging" in our daily life is a way to make ourselves have a higher human capital, and of course, we can also increase our human capital by accumulating work experience.