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Company ABC is expanding its business. As a result, there will be multiple key positions available for hiring. The company would prefer to promote employees

Company ABC is expanding its business. As a result, there will be multiple key positions available for hiring. The company would prefer to promote employees from within, as opposed to external recruitment because very little time is available to hire/train. However, Human Resources Management in Company ABC has not maintained standard practice, as there is very little information on Human Capital and Skills Inventory. Explain to Company ABC what each of these are. Why would information from Human Capital and/or Skills inventory help Company ABC with their current problem?

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