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Incentives Raise Human Capital

In 2012 we have found ourselves in the midst of a dramatic change in both society and the

economy. People are desperately trying to cultivate the standards and valuation models that society

will both accept and reinforce as the best practices. Thus allowing for a shared pool of experiences

that can be referred to when one is evaluating a competitor.

We in the Kingdom of Saudi Arabia are in the midst of a large scale transformation. The

leadership of the Custodian of the Two Holy Mosques has brought about huge endeavors such as new

universities and a Knowledge Economic City (KEC). These initiatives shall serve as the locations

that mold the minds of future generations. We are witnessing first hand the impact of an evolution

from an oil based industrial economy to a service based economy, which has forced most corporations

to focus on the definition of human capital.

In fact the Ministry of Labor has developed painstaking rules to transform the job market with a

program called Nitaqat. Its objective is merely to include Saudi Citizens in the labor force. I must

confess that I found this program to be a wonderful tool in my endeavor to find a job. We have taken

on the role of investigative journalists as we have tried to apply for certain Higher tier and Middle tier

Jobs in the Kingdom of Saudi Arabia.

First I presented my credentials in a resume highlighting that I am an American born Saudi Arabian

with international banking experience. When that approach failed to garner the respect of the various

HR departments, I found myself calling Saudi department heads to present myself and my resume,

and once again I did not get the job with this approach as I was deflected with plenty of praise with

comments like "Overqualified". So I tried to contact the expatriate executives hoping that we could

bond over international standards of excellence that I cited in my resume, and again I fell short of

getting the job. It seems that the expatriate executives see an educated Saudi Employee as a threat to

their current position within the company.

After I gave up on the resume approach I started publishing videos demonstrating the skills required

to do the job, along with discussions on intricacies of the financial markets. I also published research

reports on the Internet, three books on Amazon, and over 50 articles in a number of newspapers. This

approach gave me a huge amount of notoriety and prestige, which in turn made it easy to contact

CEO's and Board Members since they were familiar with my work.

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governments and individuals can invest in this capital just as they can invest in technology and

buildings or in finances.

bitbucket.icaap.org/dict.pl

refers to a companys know-how and capabilities embodied in its employees, in relation to the

operation of its business. HC includes the collective experience, skills, creativity, and expertise of the

staff. ...

www.cas-ip.org/

Includes, but is not limited to, the physical ability of an individual human and his or her intelligence

and knowledge, which clearly might contribute to industrial production. Human Capital also captures

human dimensions that contribute to well-being such as health, education, and happiness.

earthinc.org/earthinc.php

http://bitbucket.icaap.org/dict.plhttp://www.cas-ip.org/http://earthinc.org/earthinc.php