The Measurement of Human Capital Methods

Abstract

Abstract Nowadays, knowledge and technology is a key factor supporting socio-economic development. Human capital gained crucial importance for the development, and became a major factor of the success. This paper attempts to expose the nature and components of human capital. The aim of this paper is to present the specificity and components of human capital, and to discuss the methods of measurement and the dilemmas of their practical application. Nowadays, the advantage is achieved thanks to unique and difficult to copy resources. One such resource is human capital, whose identification and measurement becomes a key task for both countries and companies.