Not long ago, workers were personnel. Then, sometime in ‘80s, they became human resources. Today employees are often referred to as human capital. And it’s not just a semantics difference. The term human capital signifies that an employee’s value can be measured and increased through investments in training, benefits, compensation and so on. (For example, the Society of Human Resources Management offers reports benchmarking human capital.).
And, of course, as the value an organization places on its workers grows, the software to manage HR functions and human capital has evolved as well.
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Source: News