Human Capital and Business Success: Perspectives from Emerging Business Professionals

Objectives: This study examines the perceptions of business students from Nueva Ecija regarding the role of human capital in achieving business success. Specifically, it investigates the contributions of human capital to productivity, innovation, sustainable growth, and resilience in alignment with Sustainable Development Goal (SDG) 8, which focuses on promoting inclusive and sustainable economic growth, employment, and decent work. Theoretical Framework: Grounded in Human Capital Theory, the study highlights how education, skills, and experience influence organizational outcomes. Method: A quantitative descriptive research design was employed, utilizing a structured survey questionnaire with Likert scale responses distributed to 120 business students selected through convenience sampling. Data were analyzed using descriptive statistics, including frequencies, percentages, and means. Results and Discussion: The findings reveal a strong consensus among respondents on the critical importance of human capital in organizational success. Specifically, 85% of students agreed that human capital significantly drives productivity, innovation, and financial performance. Students also recognized its role in entrepreneurial success, particularly for minority entrepreneurs, and in enhancing business resilience. These results align with existing research emphasizing the strategic value of continuous learning and development. Research Implications: The study advocates for educational institutions to integrate curricula emphasizing human capital development and for businesses to adopt management strategies that prioritize workforce capabilities as a key driver of sustainable success. Originality/Value: This research provides unique insights into the perspectives of emerging business professionals, highlighting their preparedness to align their future practices with SDG 8 and contribute to sustainable economic growth.