Well-known investor Warren Buffett once said, “The best investment you can make is always in yourself. ”Undoubtedly, human capital is an invaluable asset to the success of any institutions in any industries. The skills, expertise and talent of workforce could have great impacts on innovation, economic development and productivity growth of companies and the economy as a whole.

In recent years, studies have shown that the problem of talent shortages has become more severe. Unlike other financial capital, such as real estate, commodities and stock, employers might have overlooked this important asset as human capital is intangible in a sense that they cannot be directly purchased or sold.

At the same time, as the world is evolving into a knowledge-based economy, it is crucial for companies to leverage their human capital and maintain an efficient workforce that are prepared for the demands of competitive economies.