Abstract
The paper focuses on the role of higher education as an instrument for improving on human capital development in the country. Emphasis is laid on how Higher Education Institutions (HEIs) in the country can be repositioned for the development of human capital. This paper presents an empirical study that seeks to identify the role of higher education in development of human capital. Content analysis was done from various academic articles world over in relation to the current topic under study. Factors such as government policies, level of technological advancement and enrollment level were discussed. The challenges confronting human capital development in HEIs were highlighted and the strategies for overcoming such challenges deliberated. In the present global environment, characterized by rapid change, intense information flows and increasing competition, emergence of HEIs holds an important place. In today’s knowledge based economy, HEIs are playing as centres for human resource development and therefore, aid in the development of the human capital. The paper concludes that higher education should contribute to meeting the social economic needs of the population in terms of relevance of the qualifications offered to the current labour needs. It therefore, recommends that all stakeholders should contribute towards the development and review of the curricula offered in HEIs to conform to the current needs of the Labour Market.
Highlights
The importance of labour to a nation especially developing economies like Kenya cannot be over-emphasized
For labour to be relevant to the needs of the society, there is need to continually expose the citizens to training and education so as to allow them contribute meaningfully to development in the various sectors of the economy
It is important that the challenges limiting Higher Education Institutions (HEIs) from contributing to the development of human capital in the country should be addressed. This can be achieved through the following strategies: Development of Appropriate Information and Communication Technology (ICT) Facilities: The use of ICT in improving the quality of service delivery in the various sectors of the economy is gaining increasing attention
Summary
The importance of labour to a nation especially developing economies like Kenya cannot be over-emphasized. Physical strength will be more of a liability than an asset On his part, Gyang [10] stated that “the growth of tangible capital stock of a nation depends to a considerable degree on human capital development.”. Yunus [24] suggested that in order to effectively manage any public institution, there is the need to build a quality group of highly qualified, able and motivated human resources It is this group of professional individuals that form the human capital in an organization. It is imperative that in order for an employee to continuously become relevant in the work environment, he or she must continue to develop new methods of doing work It is these individuals with the needed expertise to work in an organization and contribute to its growth and development that are referred to human resource or human capital. This paper intends to emphasize the importance and contribution of HEIs in meeting the need of a country’s Human Capital and economic development
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