The development of human resource capital (HRC) has been the focus of various segments of the country�s economic activities. This is because the growth of the human capital stock depends to a certain degree on labour and productivity. Insufficient or lack of investment in the development of human capital will affect the skills, knowledge, and capacities of people within society. Historical evidence shows that industrialized economies are dependent on HRC to sustain rapid economic growth. Examples include the UK, the USA, the EU, Japan, and countries in the Pacific Asia region. There are correlations between the level of education and training and the quantum of economic growth. Hence, education and employee welfare services are both components of human capital development and contributory factors to economic growth. Hence, HRC has the capacity to increase an organization�s investment choices and opportunities, which eventually improve the gross domestic product (GDP) through accelerated production for a sustainable global economy. © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023.