A Review of the Role of Human Capital in the Organization

Today, the concepts of human capital and strategic management of human resources are very common in the organizations in terms of philosophy and technique. The term of “human capital” is considered as a key element in improving the assets of an organization, since it is a sustainable competitive advantage and increases the employees’ efficiency. Some organizational theorists apply the rules of human capital theory to prove the ability to create useful competitions between companies by means of developing individual human resources. Therefore, in the present research, after studying more than 100 papers, the role of human capital in the organization and the characteristics of human capital have been studied. The results indicate that the common index, which is important at all levels of management in the organization, is human skill. Those who work in the central core of the organization must develop higher skills. These people must have enough knowledge, information, innovation, and creativity to increase the customer's satisfaction and create competitive advantage for the organization.