A Knowledge-Based Economy and the Development of Human Capital in German Companies

Human capital is currently acknowledged as the basic factor defining a company's competitive position. It is for this reason that the development of human capital - a field of human resource management - is taking on special meaning. This article presents research into human capital development practice in the Federal Republic of Germany. It may be assumed that in light of the higher level of economic development of Germany with respect to Poland, such an analysis can result in instructive conclusions.