So I have caught my share of people who were unhappy with me using the term "human capital." My general perspective has been to "virtually" shrug my shoulders and think to myself...Who cares what it is called? If it is us...then get over it. Our bosses don't care...they just care about results.
We expend so much energy on debating what we should call what we do...that we forget what the real goal is...getting quality people to come and stay in our organizations and fuel the organization's success.
At the end of the day we can call it any of the following things...
Coherent Human Infrastructure
It really doesn't matter...all that matters is our cumulative efforts enabling the business or mission success of our organizations.
So a little less bickering about the name for what we do and a little more focus on what is important...the people and the results they bring to the organization.