HUMAN CAPITAL DEVELOPMENT IN THE CONTEXT OF HEALTH AND SAFETY REGULATION: POLICY ANALYSIS IN CONSTRUCTION INDUSTRY

This paper explores the development of human capital in the context of health and safety management in the construction industry. The construction sector is known for its inherent risks and hazards, making it crucial to prioritize the well-being and safety of workers. Effective health and safety management not only protects employees but also contributes to increased productivity, reduced costs, and enhanced reputation for construction companies. This study examines the role of human capital development in promoting a culture of safety within construction organizations. It investigates various aspects such as training, education, skill development, and knowledge acquisition that contribute to the overall competence and capabilities of individuals working in the construction industry. The findings of this study highlight the importance of investing in human capital development as a means to enhance health and safety outcomes in construction. It emphasizes the need for comprehensive training programs, continuous learning opportunities, and the integration of safety competencies into the construction workforce. The paper concludes with recommendations for construction companies, policymakers, and industry stakeholders on how to prioritize and foster the development of human capital to create safer work environments and improve overall construction industry performance. Current research states the human capital development approach from three aspects: health (state of health, occupational health, sanitation, and hygiene); knowledge (education, like-mindedness, mentoring, training), and professional skills (esteem, skills, skills, professional development) from the foreign countries practices.