Friday, June 01, 2007

"Human Capital" - A New Phrase for Workers

What's in a name? Considering the number of lawsuits over people using words it means a lot. It also tells upon the person using the name - or company - as to what they think of the people being referred to.
The latest name fashion to hit is renaming "Personnel", or "Human Resources" , to "Human Capital" - making it sound like an investment term.
However, one aspect of "Capital" is that you always "depreciate" it away since there is the "Capital  budget" used to buy goods that are written off in a period of years.
This places people on the same status as a red office stapler.

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