Explain one way in which hiring an additional worker could lead to an increase in human capital.(1 point)

Question

Responses

Hiring an additional worker alone will lead to an increase in human capital.
Hiring an additional worker alone will lead to an increase in human capital.

Hiring an additional worker could lead to an increase in human capital if the worker were to bring new skills and experience that can be taught to other workers.
Hiring an additional worker could lead to an increase in human capital if the worker were to bring new skills and experience that can be taught to other workers.

Hiring an additional worker could lead to an increase in human capital if the worker were able to produce more output per number of labor hours worked than other workers.
Hiring an additional worker could lead to an increase in human capital if the worker were able to produce more output per number of labor hours worked than other workers.

Hiring an additional worker could lead to an increase in human capital if the firm were able to make a profit from the productivity of the new worker.

Answer 1

By hiring an additional worker, the firm could potentially generate more revenue and profit from the increased productivity of the new worker. This profit can then be reinvested into the development and training of existing employees, ultimately leading to an increase in human capital within the organization.