Human capital accumulation

Introduction Discussion of human capital accumulation occurs frequently in the recent literature as a key outcome of human resource development (HRD) (Antonacopoulou and Fitzgerald, 1996; Huselid, 1994). A number of influential models of HRD specify a range of HRD practices which, if pursued, are likely to contribute to human capital accumulation (De Geus, 1997; Currie, 1998; McCracken and Wallace, 2000; Wills, 1997). These models basically advocate that investment in HRD by organisations and individuals is necessary for a number of reasons; …

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