Question
What refers to the stock of employee skills, knowledge and capabilities that may not show up in a balance sheet but have significant impact on a firm's performance ?
The correct answer is
Human Capital
Human capital is the stock of people’s knowledge, skills, experience and capabilities. These attributes can create organisational value even though the workforce is not ordinarily recognised as an owned asset on the balance sheet.
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Important Questions from Human Resource Planning - Teaching
Which one of the following is NOT the prominent objective of human resource planning?
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