A systematic review of literature on Human capital investment and its significance for human resource development

Lawrence Arokiasamy (), Takemi Fujikawa, Shishi Kumar Piaralal and Thilageswary Arumugam
Additional contact information
Lawrence Arokiasamy: Persiaran UTP
Takemi Fujikawa: OtemonGakuin University
Shishi Kumar Piaralal: Open University Malaysia Kelana Centre Point
Thilageswary Arumugam: International University Malaya Wales City Campus, Federal Territory of Kuala Lumpur

International Journal of System Assurance Engineering and Management, 2023, vol. 14, issue 5, No 16, 1810-1826

Abstract: Abstract With rising globalization and the overcrowding of the employment market as a result of the recent crisis in numerous economies throughout the world, human capital is receiving more attention. To hasten economic progress by investing the necessary time and effort, both industrialized and emerging nations lay a higher focus on human capital development. Building human capital is therefore the crucial way to participate on the international stage. Companies should invest the essential resources in increasing human capital since it has a big impact on performance. From several critical viewpoints, this research investigates the level where human capital has straight implications on corporate performance. This study also aims to examine 60 publications that are concerned with human capital. A thorough assessment of the sequential review based on the year of each publication is also provided in this paper. Also, each study paper’s evaluation is exposed. This study also focused on and reviews the topic knowledge utilizing a systematic literature review. Eventually, a model explaining the connection among human capital as well as company performance is developed in this work. The finding of the study reveal the impact of human capital on corporate performance and the value of a strong workplace and human resources in enhancing job performance. Human Resource Management (HRM) practices that link employee engagement in the organization.

Keywords: HRM; Organization performance; Employee engagement; Job satisfaction; Organization productivity (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s13198-023-01985-2

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