Human Capital is a Competitive Advantage of Businesses: Analysis of Automobile Firms of Pakistan

Abstract

The purpose of conducting this research is to examine the significance of Human Capital (HC) in automobile sector of Pakistan because leading automobile firms of the world have claimed that HC has major role beyond their success. This is quantitative research which is based on philosophy of positivism. The primary data of this study was collected from management and crucial employees of main Light Transport Vehicle automobile firms of Pakistan. Result of this research indicates that there is strong impact of human capital on firm performance; it performs the function of oxygen in hard-hitting competition where every firm is busy to take a lead in open market. This study is very constructive not only for the automobile industry but this work will also create awareness and need of HC in all manufacturing firms of Pakistan in the scenario of globalization.