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What Is "Human Capital"? How Is It Important in the Determination

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What is "human capital"? How is it important in the determination of a worker's wage rate?


Definitions:

Resist Change

The resistance to alter established habits, processes, or structures within an individual or group context.

Institutionalize

To establish something as a norm or standard in an organization or culture, often referring to the process of embedding practices, beliefs, or systems within an institution.

Transformational Leaders

Leaders who inspire and motivate followers to exceed their own self-interests for the good of the organization, and to achieve higher levels of achievement.

Evaluations

The process of assessing or appraising the value, importance, or performance of someone or something.

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