Human Capital

Human capital is an individual¶s knowledge and abilities that allow for changes in action and economic growth. Human capital maybe developed through formal training and education aimed at updating and renewing individual¶s capabilities in order to do well in society or a business. It identifies and fills talent gaps by ensuring that future leaders are effectively promoted from within the business and that successors are identified for key positions which will cost the business less for recruitment. Human capital also helps to identify, develop and tract high potential employees. Human capital ensures that every employee understands and acts upon appropriate business objectives and can monitor their progress toward corporate goals.


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