Human capital is one element of the broader
umbrella of intellectual capital. Here's a brief
glossary of several kinds of capital, as defined
by Skandia Insurance Co. Ltd.
Intellectual Capital
The sum of structural capital and human capital,
indicating future earnings capability from a
human perspective. The capabilities to continuously
create and deliver superior value.
Human Capital
The accumulated value of investments in employee
training, competence and future. Might also be
described as the employee's competence,
relationship ability and values.
Structural Capital
The value of what is left when the employees --
the human capital -- have gone home. Examples
include databases, customer lists, manuals,
trademarks and organizational structures.
Organizational Capital
Systematized and packaged competence, plus
systems for leveraging the company's innovative
strength and value-creating organizational
capability. Consists of process capital, culture
and innovation capital.
Innovation Capital
Renewal strength of a company, expressed as
intellectual property, that is, protected commercial
rights, and other intangible assets and values,
such as knowledge recipes and business secrets.
Process Capital
The combined value of value-creating and
non-value-creating processes.
webmaster@integctr.com