Socialand economic impact ofhuman capital in micro-enterprises:AColombian and global contrast

ABSTRACT

Human capital is a determining factor in companies;however, the global economic and social crisis caused by the coronavirus outbreak has had a significant impact due to high unemployment rates.Objective.To describe the effects of COVID-19 on human capital in micro enterprises during the social and economic emergency. Methodology.The methodology is based on a review of publications in the Scopus database using the VOSviewer software and a contrast with reports generated by control bodies in Colombia. Results. The findings reveal the major issues confronting human capital on a global scale, such as the high unemployment rates that increased suicide rates, firms' economic recessions, worker mental health issues, and the economic consequences of the cessation of activities. Conclusions. It is determined that the effects of job losses were highest in certain activities such as passenger transport and tourism services.