Human capital is the measure of the economic value that an employee provides, through their knowledge, skills, and abilities.
On average, total human capital costs are almost 70 percent of a company’s operating expenses. Despite how much employees cost, many companies do not properly invest in an employee development plan, in their human capital.
According to the 2015 Talent Mobility Research Report, more than 40 percent of organizations claim that they rarely, or never, provide career planning or development. If your company is part of this 40 percent, you should strongly reconsider your approach to managing your human capital.
To reap the most benefits from employees your business needs to invest actively in them. Here are eight benefits of investing in your human capital development.
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