Strategic human resource management and human capital - rhetoric and reality Cover Image
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Стратегическо управление на човешките ресурси и човешки капитал - реторика и реалност
Strategic human resource management and human capital - rhetoric and reality

Author(s): Elmira Bancheva
Subject(s): Human Resources in Economy
Published by: Нов български университет
Keywords: human capital; human resources management; rhetoric and reality; rationalization of rhetoric;
Summary/Abstract: The concept of human capital thrives among the community of economists for decades before being gradually adopted and institutionalized at organizational level. While it appears that the literature focuses mainly on the debate around the concepts of human capital, there is no explicit theoretical framework and empirical evidence of the link (and lack of linkage) between the intentions of the management and practical implementation of human capital initiatives. The literature and research findings reveal that a number of key dimensions can distort the rhetoric of human capital, including corporate strategy, organizational structure and human resource management, through the cognitive frames of individuals. Each dimension contains several critical issues capable of determining the success or failure of human capital development.