Explain one way in which hiring an additional worker could lead to an increase in human capital.

A. Hiring an additional worker could lead to an increase in human capital if the firm were able to make a profit from the productivity of the new worker.

B. Hiring an additional worker could lead to an increase in human capital if the worker were able to produce more output per number of labor hours worked than other workers.

C. Hiring an additional worker could lead to an increase in human capital if the worker were to bring new skills and experience that can be taught to other workers.

D. Hiring an additional worker alone will lead to an increase in human capital.

Question

16-04-2024
English

High School

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Explain one way in which hiring an additional worker could lead to an increase in human capital.

A. Hiring an additional worker could lead to an increase in human capital if the firm were able to make a profit from the productivity of the new worker.

B. Hiring an additional worker could lead to an increase in human capital if the worker were able to produce more output per number of labor hours worked than other workers.

C. Hiring an additional worker could lead to an increase in human capital if the worker were to bring new skills and experience that can be taught to other workers.

D. Hiring an additional worker alone will lead to an increase in human capital.

Answer :

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adioabiola adioabiola · Answer 1 · 2024-06-10T02:24:00-04:00

Human capital refers to the knowledge, skills, values an individual possess which makes them a professional in their career.

Hiring an additional worker could lead to an increase in human capital if the worker were to bring new skills and experience that can be taught to other workers

An individual with high human capital (knowledge and skills) will be of a great asset to his organization.

Hiring a new worker in an organization can increase human capital if the new worker hired has new skills and experience to teach the existing workers in the organization.

Hiring a new worker with knowledge and experience helps to reduce the cost of training staffs in an organization. Instead of sending staffs for training, the new staff with experience can teach the old staffs.