The worldwide concept of Human Capital focuses on the employees working in a company. Under this concept, it is believed that the capabilities, skills and knowledge that each employee has can be measured and overall productivity can be improved by investing in training, education, health.

In most of the cases it has been found that a business started by educated and skilled individuals is more productive than a business started by the unskilled. Therefore, the income earned by a skilled person is higher than that of an unskilled person. Similarly, the contribution of a skilled person to the country's economy is greater than that of an unskilled person. This is why governments of all countries, including the World Bank, are focusing on developing Human Capital through nutrition, health care, quality education and skill development.

We have a different view on Human Capital. We believe that Human Capital is that which is capable of handling two biggest challenges of life (how to earn and how to live stress free) not only for himself but for others also. No matter how much you spend on a person's nutrition, health care, quality education and skill development, if he is not able to deal with the two biggest challenges of life (how to earn and how to live stress-free) then there is no need for building Human Capital. Efforts will remain fruitless.

We consider Human Power, Human Resource and Human Capital separately. In our view, every human being is a Human Power in himself, whether he uses his power or not. Our thinking regarding Human Resource and Human Capital is that the person who does the work on his own, in collaboration with someone or as directed by someone but while doing so is not able to fully utilize his potential is a Human Resource and the person who does his independent work. One who is free to think on his own, in collaboration with someone or as directed by someone, does the work without any restriction, that is Human Capital.

A person can do this only when he knows his potential, is aware of various opportunities and is able to communicate effectively with others.

That means, if we have to create Human Capital then we will have to assess the potential of the people and bring it out. They need to make them aware of 'Work Opportunities' (not job opportunities), develop confidence in them to take action and enable them to communicate effectively with others.

Companion Global has developed the 3AC formula with its different thinking on Human Capital which can prove to be effective in making any person Human Capital.

The 3AC formula is helpful for the growth of any individual, family, business, profession, or organization.

For more information about 3AC. Click here