HUMAN CAPITAL’S THEORETICAL MODEL AND SUSTAINABILITY: INVESTMENT IN TRAINING AND FUTURE VALUE OF INTANGIBLES

Human capital refers to the set of skills and competencies of people that generate value within the business framework, where we include creativity, experience, skills, training, motivations, and different competencies.These human competencies could contribute to competitive advantage for many companies and, often, the most valuable resource.Skills and employee knowledge are essential to obtain a lasting competitive advantage.In addition, training is one of the critical factors determining an organization's effectiveness.The success of any human resources strategy, specifically a training activity, should be measured by what contributes to the achievement of the organization's stakeholders.Therefore, its analysis and management are necessary and vitally important to increase the company's sustainable value.The main objective of this paper is to propose a theoretical model that analyses the influence that the accumulated investment in employee training has on the sustainable value of companies' intangibles.We presented a simple linear regression model to explain it, and the main result of this paper proves that a significant investment in human resources is reflected in better and more sustainable results in the company's future market value.