Final answer:
Human resource managers can nurture their human investment by providing training and development opportunities, offering competitive compensation and benefits, promoting work-life balance, and establishing a positive work culture to foster a more educated, skilled, and motivated workforce that contributes to economic productivity.
Step-by-step explanation:
Human resource managers must take multiple actions to nurture their human investment to achieve the highest possible return. Training and development opportunities are crucial for fostering a skilled and educated workforce, enhancing their performance, and increasing the overall productivity of the company. Offering competitive compensation and benefits ensures that the workforce is rewarded for the effort and costs they incur in their work activity. Additionally, promoting work-life balance and creating a positive work culture are fundamental in motivating employees and retaining talent, which contributes to a productive and stable work environment.
Invest in Human Capital
Investing in technology, human capital, and physical capital, providing market-oriented economic incentives, and working to reduce bureaucracies can create a more market-oriented economic climate. It empowers human capital through better health, upgraded skills or knowledge, and encourages job-relevant skills through means such as apprenticeships.
Economic Benefits
When workers are more educated and skilled, they possess higher earning potential and actively contribute to the economy by participating in the circular flow of economic activity. A proficient, qualified, and motivated workforce is indispensable for improving the productivity of a company.