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Capitalizing on Your Human Capital - November/December 1997

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Archive > 1997 > November/December 1997 > Capitalizing on Your Human Capital

The article "Capitalizing on Your Human Capital" appeared in the November/December 1997 issue of Gear Technology.

Summary
A fundamental characteristic of the gear industry is that it is capital intensive. In the last decade, the gear manufacturing industry has been undergoing an intense drive toward improving and modernizing its capital equipment base. The Department of Commerce reports that annual sales of gear cutting equipment have increased nearly 60% since 1990. While this effort has paid off in increased competitiveness for the American gear industry, it is important to remember that there is another capital crucial to manufacturing success - "human capital."

Keywords
business, management, skilled labor, training, education, labor costs

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